NZ dollar gains as RBNZ forecasts show possible earlier rate hike
By Rebecca Howard Nov. 9 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank brought forward the timing of a potential rate hike on the back of higher inflation, a weaker currency and fiscal stimulus. Longer-dated swap rates also rose. The kiwi dollar was tr...
RBNZ backs decision-making committee but wants to keep it in-house
By Rebecca Howard Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is in favour of formalising a committee-based decision-making process but would prefer to keep out external members, and doubts adding employment as a joint mandate will have a major impact on monetary p...
UPDATE: RBNZ's Spencer keeps rates on hold, brings forward timing of rate hikes
(Updates to add detail throughout, comment from economist) By Rebecca Howard Nov. 9 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent but brought forward a potential rate hike to June 2019 from September that...
NZ dollar little changed ahead of MPS which has potential to surprise market
By Rebecca Howard Nov. 8 (BusinessDesk) - The New Zealand dollar was little changed ahead of the central bank monetary policy review tomorrow, despite some economists warning the market may be taken by surprise. The kiwi dollar traded at 68.97 US cents as at 5pm, unchange...
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