RBNZ's Wheeler says inflation indicators, commodities, currency are key to interest rate track

Thu, 11 Jun 2015

By Paul McBeth June 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is watching a number of indicators including inflation signals, commodity prices and the falling currency in gauging whether to cut interest rates again. The central bank today cut the official cash rate a quarter-point to 3.25 percent, surprising some market participants who were expecting Wheeler to wait for more data before moving. The governor said the sharp drop in dairy prices had meant the decline in New Zealand's terms of trade was more pronounced than pr...

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