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.
Our reliance on property to see us through retirement has come under fire at Parliament today.
The New Zealand dollar may keep rising this week after good jobs data from the US boosted confidence that the world's largest economy is recovering.
It is not a one-way bet that the next move in the official cash rate will be up...