Dilemma for RBNZ as kiwi stays high, Auckland housing market heats up

Sun, 21 Apr 2013

April 21 (BusinessDesk) – The Reserve Bank will keep interest rates unchanged this week, though it may use the six-weekly review to highlight the conflicts of a high currency keeping prices in check and a housing market that’s threatening to stoke inflation. Governor Graeme Wheeler will keep the official cash rate at 2.5 percent, the record low it has been held at since March 2011 on Wednesday, according to a Reuters survey, and may reiterate interest rates are on hold through 2013. Since the RBNZ’s full monetary policy statement on March 14...

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