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Initial results for a scheme to get more British faxless pay day advances workers to save for their retirement by automatically enrolling them in company pension schemes have been better than the government expected, it said on Thursday.

Bank governor Mark Carney and his advisers played into that forecast Tuesday, saying they would hold the banks key lending rate at one per cent over the medium term, citing a deteriorating global outlook but better-than-expected performance in Canada and the U.S. in the second half of this year.

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Muni yields tend to skew lower, reflecting the benefits of their tax-exempt gains. The 10-year yield for a triple-A-rated muni was below 100% of the yield on the 10-year Treasury for years.For the past two days suppliers and operators of a diverse range of New Zealand venues, products and services have been taking part in MEETINGS 2013 at Aucklands SkyCity Convention Centre, where they have been promoting themselves to professional conference and event organisers from Australia, New Zealand, China and South East Asia.

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