RBNZ keeps rates on hold but worried about rising New Zealand dollar
Posted on October 29, 2015 at 11:42 am GMTThe Reserve Bank of New Zealand (RBNZ) kept its official cash rate unchanged at 2.75% at its October meeting after cutting them by 25 basis points at each of its previous three meetings. A slowdown in economic growth from tumbling global dairy prices and lower inflation from falling oil prices prompted the central bank to start loosening monetary policy in June for the first time in four years. The RBNZ was among few central banks in advanced economies to tighten [..]