Falling dollar could reduce scope for interest rate cuts
The currency is now 6% below where the Reserve Bank expected: that is going to mean higher imported inflation than anticipated.
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Hawke’s Bay
The falling New Zealand dollar could change the benign inflation outlook – and reduce the scope for further interest rate cuts from the Reserve Bank.
The New Zealand dollar fell below 67USc yesterday for the first time since 2010. More tellingly, the trade weighted index (TWI), which measures the
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Rob Hosking
Fri, 03 Jul 2015
Fri, 03 Jul 2015
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Falling dollar could reduce scope for interest rate cuts
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