Kiwi dollar up as RBNZ signals rates hike

Wed, 25 Aug 2021

The New Zealand dollar climbed more than half a cent overnight, after Reserve Bank assistant governor Christian Hawkesby told media the bank had considered a 50-basis point rise in August.The kiwi dollar had been trading above 70 US cents prior to the central bank’s August policy statement, partly on the expectation of a 25-basis point rate hike.Instead, the country was put into lockdown on the day of the policy review and the central bank abruptly halted its plans to tighten monetary policy, sending the kiwi tumbling as low as 68.1 US ce...

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