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Latest from Banking and finance

Bernard Hickey: Smug line on dodgy inflation policy
Inflation targeting, a monetary policy framework pioneered in New Zealand, is now widely discredited.

Guilty director: 'I've got a pre-booked holiday'
The former director of a failed finance company asked a judge if he could still take his holiday in Fiji after pleading guilty to misleading investors.

NZ dollar holds on G20 hope
The New Zealand dollar held above 79 US cents as leaders from the Group of 20 nations increased pressure on European Union policy makers.