RBNZ caught in signalling dilemma as kiwi shines in world hungry for positive carry

Thu, 17 Jul 2014

By Jonathan Underhill July 18 (BusinessDesk) - The Reserve Bank will probably raise the official cash rate again on July 24 while trying not to polish the appeal of a New Zealand dollar that stands out in a world where most central banks have record low interest rates. Governor Graeme Wheeler will lift the official cash rate a quarter point to 3.5 percent, according to the consensus of 16 economists in a Reuters survey. What he does after that has become the subject of considerable speculation, given dairy prices have continued to plum...

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