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

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