NZ dollar, swap rates jump as RBNZ keeps OCR at 2.25%

Wed, 27 Apr 2016

By Jonathan Underhill April 28 (BusinessDesk) - The New Zealand dollar jumped 1.3 percent against the greenback after the Reserve Bank kept interest rates unchanged and repeated that easing may be required to get inflation back to its target while also noting a pick-up in house price inflation. The kiwi jumped to 69.30 US cents after the central bank statement, from 68.44 cents immediately before the 9 a.m.release and from 68.81 cents late yesterday. The trade-weighted index rose to 73.34 from 72.46 before the statement. The two-year swap...

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