Good news for dairy farmers was bad news for the Reserve Bank
The New Zealand dollar jumped again last week after dairy prices rose, delivering bad news for the Reserve Bank as far as its policy objectives are concerned. With special feature audio.
Jenny Ruth Mon, 22 Aug 2016
Good news for dairy farmers means further bad news for the Reserve Bank as far as the currency goes.
The New Zealand dollar gained a further 1% against the US dollar last week – and more than 1% against the Australian dollar – spurred on by the 19% rise in whole milk powder prices in Fonterra’s
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