Traders split on RBNZ's April rate cut decision as kiwi flies high

Fri, 22 Apr 2016

By Paul McBeth April 22 (BusinessDesk) - Traders are evenly split on whether Reserve Bank governor Graeme Wheeler will deliver another interest rate cut next week, with the kiwi dollar flying above the central bank's projections, making imported products cheaper and keeping a lid on inflation. Financial markets are judging a 54 percent chance of the official cash rate staying at 2.25 percent at next Thursday's review, according to the overnight index swap curve. Economists are leaning towards a cut coming in June when RBNZ governor Graem...

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