The NZ dollar could gain traction if the RBNZ surprises on the hawkish side

The NZ dollar could gain traction if the RBNZ surprises on the hawkish side
The kiwi was trading at 61 US cents late Tuesday. (Image: Gettty)
Rebecca Howard
The New Zealand dollar pared some gains ahead of the Reserve Bank of New Zealand’s monetary policy review, but a hawkish tilt could see it regain some traction. The kiwi is trading around 61 US cents, down from a recent high of 61.42 last week, on the back of a softer US dollar.The Reserve Bank of NZ (RBNZ) is expected to keep rates on hold at 5.5% but there will be keen interest to see if it makes any changes to its forecasts. It is due to announce its decision at 2pm on Wednesday. The central bank is mandated with keeping infl...

More Economy

Current account deficit narrows
Economy

Current account deficit narrows

At 6.8% of GDP, the deficit was larger than the Reserve Bank and Treasury predicted.

Insurer AIA cuts 23 jobs
Economy

Insurer AIA cuts 23 jobs

AIA NZ has made 23 employees redundant and redeployed 'a small number'. 

Murray Jones 17 Jun 2024
New Zealand would be great if it wasn't for the customers
Economy

Dileepa Fonseka: New Zealand would be great if it wasn't for the customers

If we earned a dollar every time we talked about value-add we would be a wealthy nation.

Dileepa Fonseka 17 Jun 2024