NZ dollar holds above 88 US cents, may test record high this week

Sun, 13 Jul 2014

By Jonathan Underhill July 14 (BusinessDesk) - Second-quarter inflation figures due on Wednesday are expected to show the consumer price index sped to 0.4 percent last quarter for an annual pace of 1.8 percent, according to a Reuters survey. That would be a tad faster than the Reserve Bank forecast last month and keep intact expectations that governor Graeme Wheeler will raise interest rates again as soon as this month, lifting the official cash rate to 3.5 percent. Yellen is scheduled to deliver her semi-annual policy testimony t...

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