NZ dollar spikes as Reserve Bank holds interest rates steady
Inflation spike is temporary and growth will rebound.
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The Reserve Bank has left its official cash rate (OCR) unchanged as expected, saying core inflation remains low but a lower New Zealand dollar would help rebalance the growth outlook towards exports.
Nevertheless, the kiwi shot up as high as 72.80USc from about 72.10USc just before the statement
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Jenny Ruth
Thu, 22 Jun 2017
Thu, 22 Jun 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZ dollar spikes as Reserve Bank holds interest rates steady
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