NZ dollar treads water as investors eye Reserve Bank rate review

Tue, 12 Feb 2019

By Paul McBeth Feb. 13 (BusinessDesk) - The New Zealand dollar was largely unchanged ahead of today's Reserve Bank policy review, which economists predict will echo sentiments overseas for rates to be held lower for longer. The kiwi traded at 67.33 US cents as at 8am in Wellington from 67.29 cents yesterday. The trade-weighted index decreased to 73.08 from 73.21 yesterday. Reserve Bank governor Adrian Orr is expected to keep the official cash rate at 1.75 percent in today's monetary policy statement. However, economists anticipate a...

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