RBNZ's projection for flat kiwi dollar TWI over next 3 years is unrealistic, traders say

Thu, 09 Nov 2017

By Rebecca Howard Nov. 9 (BusinessDesk) - The Reserve Bank's latest New Zealand dollar projection has the currency flatlining for three years, a position that traders say is unrealistic given the changing forces in global financial markets. The bank revised its forecasts in the monetary policy statement and now sees the trade-weighted index (TWI) holding at an average 73.5 from the fourth quarter of this year through until the end of its forecast period in the December quarter of 2020. It had previously seen the TWI at 77.9 in the current...

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