Rise in dairy prices could add to Reserve Bank’s dollar headache
Good news for dairy farmers this week could be bad news for the central bank.
Dairy prices are expected to rise again in this week’s global dairy trade (GDT) auction but that’s probably going to add another reason for the New Zealand dollar to rise.
Although the Reserve Bank cut its official cash rate to a record low 2% last week, largely to try to get the local currency to
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Jenny Ruth
Mon, 15 Aug 2016
Mon, 15 Aug 2016
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Rise in dairy prices could add to Reserve Bank’s dollar headache
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