NZ dollar falls as weak inflation fuels rate cut expectations

Wed, 20 Jan 2016

By Paul McBeth Jan. 20 (BusinessDesk) - The New Zealand dollar fell after inflation data missed expectations with the global glut of oil reducing petrol prices, stoking bets the Reserve Bank will have to cut interest rates this year. The kiwi dropped to 63.78 US cents at 5pm in Wellington from 64.70 cents immediately before the release, and 64.33 cents yesterday. The trade-weighted index was down to 70.66 from 71.28 yesterday. New Zealand consumer prices fell 0.5 percent in the final three months of 2015, more than expected, and push...

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