NZ dollar falls after RBNZ leaves negative rates on the table

Wed, 13 May 2020

The New Zealand dollar fell after the Reserve Bank left the door open on negative interest rates while at the same time doubling its bond buying programme to $60 billion. The kiwi was trading at 60.11 US cents at 5pm in Wellington from 60.75 cents at the same time yesterday while the trade-weighted index was at 68.01 from 68.82 yesterday. The central bank held its official cash rate steady at 0.25 percent and said it would stay there until early 2021 but, in an unusual move, although it published forecasts for economic growth and inflatio...

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