NZ dollar to fall as interest rates rise, says RBNZ inflation survey

Tue, 19 Nov 2013

Nov. 19 (BusinessDesk) – Firms expect the kiwi dollar to weaken by two cents to around 80 US cents by September next year, as the economic recovery gathers pace. Expectations for economic growth in the year ending September 2014 now stand at 3 percent, compared with 2.8 percent in the June quarter survey, while the year to September 2015 is now expected to yield 2.9 percent growth, compared with 2.7 percent a quarter earlier. The September quarter Reserve Bank Survey of Inflationary Expectations shows the 82 New Zealand-wide firms polled expe...

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