New Zealand RBNZ Interest Rate Decision in line with forecasts (3.5%)

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Greece's rating cut to Caa2 from Caa1 by Moody's

Greece's rating has been cut to Caa2 from Caa1 by Moody's rating agency, with outlook negative.
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RBNZ keeps rate steady at 3.5%, door open for cuts

The RBNZ kept the interest rate unchanged at 3.5%, with the policy statement not ruling out future cuts, noting that "timing of future adjustments in the OCR will depend on how inflationary pressures evolve in both the non-traded and traded sectors."
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