NZ dollar rises ahead of RBNZ review that's expected to keep rates on hold

Wed, 22 Mar 2017

By Jonathan Underhill March 23 (BusinessDesk) - The New Zealand dollar gained ahead of the Reserve Bank's six-weekly review of monetary policy, which is expected to see the benchmark interest rate kept unchanged at a record low. The kiwi rose to 70.50 US cents as at 8am in Wellington from 70.30 cents late yesterday. The trade-weighted index rose to 76.44 from 76.25. Governor Graeme Wheeler flagged no change in interest rates through until 2019 in the monetary policy statement last month and analysts expect him to reiterate that view i...

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