NZ dollar rangebound ahead of RBNZ rate announcement

Tue, 26 Mar 2019

By Rebecca Howard March 27 (BusinessDesk) - The New Zealand dollar remains steady ahead of today's cash rate review where the Reserve Bank of New Zealand is widely expected to keep rates on hold. The kiwi was trading at 69.11 at 8am in Wellington, unchanged from 5pm in Wellington yesterday. The trade-weighted index was at 74.80 points from 74.76. The central bank is due to publish its rate decision at 2pm today and is expected to keep the official cash rate at a record low 1.75 percent. The statement will be closely scrutinised for any...

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