NZ dollar edges higher after RBNZ confirms rates on hold

Thu, 14 Jun 2012

By Hannah Lynch June 14 (BusinessDesk) - The New Zealand dollar rose after Reserve Bank Governor Alan Bollard left the official cash rate unchanged at a record-low and pointed to risks in Europe and a lower track for interest rates. The New Zealand dollar rose to 77.48 US cents after the statement from 77.32 cents immediately before. It traded at 77.74 cents at 5pm. The trade weighted index increased to 70.64 from 70.37. Bollard kept the official cash rate on hold at 2.5 percent, while trimming the forecast for the 90-day bank bill rate, o...

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