NZ dollar falls as waning inflation expectations boost odds of OCR cut

Tue, 12 Nov 2019

The New Zealand dollar fell after a survey showed inflation expectations remain anchored well below the Reserve Bank's target, making it more likely the central bank will cut interest rates again tomorrow.The kiwi was trading at 63.33 US cents at 5:05pm in Wellington, up from 63.24 cents after the survey release but down from 63.69 at 8am. The trade-weighted index was at 69.95 points from 70.34.The most-watched numbers from RBNZ's survey of business managers and professionals, which was conducted between Oct. 16 and 22 by Nielsen, showed mean t...

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