Profit falls due to rising funding costs
Reckitt Benckiser is offering $US16.7 billion for Mead Johnson and Nestle is rumoured to be interested too.
Underlying inflation remains weak.
NZIER's latest quarterly survey of business opinion shows pressure on inflation may be building.
Join NBR's Jason Walls and Westpac's Imre Speizer for Currency Talk. With Special Feature Audio.
UPDATED: Westpac follows BNZ by not changing mortgage rates following this morning's OCR cut.
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