RBNZ sees interest rates near current levels for foreseeable future

Wed, 05 Jun 2019

By Rebecca Howard June 5 (BusinessDesk) - The Reserve Bank's central view is that interest rates will remain broadly around current levels for the foreseeable future but it has the room to provide more monetary stimulus if necessary, said assistant governor Christian Hawkesby. The New Zealand dollar rose as high as 66.36 US cents from 66.16 early today after the RBNZ published panel remarks he delivered to the Institute for Monetary and Economic Studies (Bank of Japan) last week in Tokyo, outlining recent changes at the bank, in particul...

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