Economists see more pain in store for the New Zealand dollar

Mon, 13 Aug 2018

By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar was roiled by the Reserve Bank’s surprisingly dovish stance last week and economists say there is more downside to come as US interests rates rise and the global trade outlook remains uncertain. The central bank kept the official cash rate at a record low 1.75 percent on Thursday and governor Adrian Orr said he now expects to keep it unchanged at least a year longer than previously forecast and could even opt to cut rates, as he seeks to jump-start economic growth. The...

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