Reserve Bank's flat OCR outlook keeps swaps unchanged as kiwi climbs
By Paul McBeth Dec. 10 (BusinessDesk) - New Zealand swap rates were largely unchanged, while the kiwi dollar jumped as much as 1 US cent after the Reserve Bank put the brakes on future interest rate cuts and signalled a three-year pause. The central bank cut the key rate a...
UPDATE: RBNZ misses opportunity to lean on kiwi in closing door to more cuts
(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...
RBNZ cuts OCR to 2.5%, softens wording about further cuts; kiwi jumps
By Paul McBeth Dec. 10 (BusinessDesk) - Reserve Bank Governor Graeme Wheeler cut the official cash rate a quarter-point, softening his language about the potential for further rate cuts while saying the strength in the kiwi dollar was "unhelpful". The currency jumped after the...
NZ dollar treading water ahead of RBNZ review, Fonterra update
By Paul McBeth Dec. 9 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's policy review tomorrow, which is expected to deliver another rate cut, and an update from Fonterra Cooperative Group on its forecast payout to farmers. The kiwi tra...
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