NZ dollar declines ahead of inflation data as RBNZ seen remaining on hold

Tue, 20 Jan 2015

By Tina Morrison Jan. 21 (BusinessDesk) - The New Zealand dollar declined ahead of consumer prices data due this morning which is expected to show annual inflation dipped below the Reserve Bank's target, likely keeping interest rates on hold for an extended period. The kiwi fell to 76.74 US cents at 8am in Wellington, from 77.17 cents at 5pm yesterday . The trade-weighted index weakened to 78.58 from 78.85 yesterday. The New Zealand consumer price index probably accelerated at a 0.9 percent annual pace in the fourth quarter, below the...

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