UPDATE: RBNZ’s Wheeler keeps rate hikes on table even with softer outlook; kiwi jumps

Wed, 10 Dec 2014

(Adds comment on currency reaction starting in first paragraph) By Paul McBeth and Tina Morrison Dec. 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler said he's likely to continue raising interest rates even in the face of a softer economic outlook, surprising economists who had expected a more dovish statement and driving up the kiwi dollar. “Modest inflation pressures suggest the expansion can be sustained for longer than previously expected with a more gradual increase in interest rates,” Wheeler said in today's monetary pol...

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