UPDATE: RBNZ misses opportunity to lean on kiwi in closing door to more cuts

Wed, 09 Dec 2015

(Recasts, adding economist, central bank comment) By Paul McBeth Dec. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler provoked a jump in the kiwi dollar, even while saying a strong currency was unhelpful, because his quarter point cut to the official cash rate came with a comment that rates were now about right to achieve the bank's inflation target. Wheeler cut the key rate back to a record-low 2.5 percent, a level he said should help drive inflation back to the middle of the 1 percent to 3 percent target band. "We expect to...

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