RESEND: NZ dollar gains as RBNZ confirms OCR unchanged in ‘less dovish’ statement

Wed, 25 Jul 2012

July 26 (BusinessDesk) - The New Zealand dollar rose against the greenback after the central bank kept the official cash rate unchanged as expected and stuck to its view from last month’s monetary policy statement, even after more benign inflation data. The kiwi dollar rose to 79.05 US cents after the RBNZ statement, from 78.88 cents immediately before and from 78.31 cents at 5pm yesterday. The trade weighted index rose to 71.71 from 71.54 before the statement and from 71.26 yesterday. Underlying annual inflation “is expected to settle near...

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