Reserve Bank decision: More good news creates poser for Wheeler
There is a simplistic and sloganeering argument which suggests a rate cut will bring the exchange rate down. It is quite wrong.
Graeme Wheeler will probably sit tight on Thursday.
The Reserve Bank governor is to review the official cash rate again on Thursday morning and prospects of a second consecutive cut are fading as the economy picks up further pace.
The review takes place at a historic time: New Zealand is
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Reserve Bank decision: More good news creates poser for Wheeler
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