RBNZ’s Wheeler doesn’t expect ‘significant’ rise in kiwi, now at post-float high, as rates increase

Thu, 13 Mar 2014

By Paul McBeth March 13 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has told MPs in Wellington that he doesn’t expect a “significant” move in the New Zealand dollar as a result of the new interest rate hiking cycle. The trade-weighted index, a measure of the New Zealand dollar against a basket of currencies, rose to a new post-float high 80.13 today, and recently traded at 80.07 after Wheeler lifted the official cash rate a quarter-point to 2.75 percent and said there could be another 2 percentage points of increases over the next...

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