![Dollar stays high as traders bet Bollard will hike sooner](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar stays high as traders bet Bollard will hike sooner
Allan Bollard reiterates the OCR will remain "at or below the current level through until the latter part of 2010."
Allan Bollard reiterates the OCR will remain "at or below the current level through until the latter part of 2010."
The strong kiwi dollar is a threat to a sustained recovery, says Reserve Bank Governor Alan Bollard, while keeping rates steady.
Alan Bollard has warned about the economy's imbalances threatening any long term recovery, but he's done nothing about it.
The Reserve Bank has done what most market watchers were expecting this morning and left the official interest rate unchanged at 2.5 per cent.
The New Zealand dollar may be capped under US70 cents this week ahead of the central bank's monetary policy statement.
Robust bidding in Fonterra's monthly online auction of whole milkpowder early today lifted the average price paid by 24.2 per cent to US$2858/tonne.