RBNZ’s high kiwi-hot housing dilemma still in place for next week’s MPS

Fri, 07 Jun 2013

By Jonathan Underhill June 7 (BusinessDesk) – Reserve Bank governor Graeme Wheeler faces the same tensions between a high kiwi dollar and a heated housing market that have informed his monetary policy decisions all year and no change is likely at next week’s review as inflation stays low. Wheeler will keep the official cash rate at 2.5 percent when he releases the monetary policy statement on June 13, a level it has remained at since March 10, 2011, according to a Reuters survey of 15 economists. He will raise the rate to 2.75 percent in Mar...

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