NZ dollar spikes as Reserve Bank holds interest rates steady
Inflation spike is temporary and growth will rebound.
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
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NZ dollar spikes as Reserve Bank holds interest rates steady
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