Reserve Bank vigilant as NZ dollar dips to nine-month low

Reserve Bank vigilant as NZ dollar dips to nine-month low
(Image: Getty)
Rebecca Howard
The Reserve Bank of New Zealand is keeping a watchful eye on the kiwi dollar, which hit a fresh nine-month low this week. Paul Conway, chief economist at the Reserve Bank of NZ (RBNZ), told BusinessDesk: “It’s definitely something that we are mindful of going forward."The kiwi briefly touched US$0.58 (NZ$0.99) overnight Monday before moving back to just above US$0.59.The NZ dollar has lost 7% against the greenback since the beginning of 2023. This week’s move came on the back of rising treasury yields and more n...

More Economy

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.

NZ goods to face 10% tariff to access US market
Economy

NZ goods to face 10% tariff to access US market

NZ dollar remains steady after announcement. 

What Willis was told ahead of Orr’s shock resignation
Economy

What Willis was told ahead of Orr’s shock resignation

Documents released under the OIA shed some light on what happened.

Staff reporters 02 Apr 2025
Westpac Bank’s Eckhold says April cut likely wrong move
Economy

Westpac Bank’s Eckhold says April cut likely wrong move

Economists are widely expecting a 25 bps rate cut next week. 

Rebecca Howard 02 Apr 2025