A high-performing Kiwi dollar is unlikely to be bringing any joy to the Reserve Bank
A high-performing Kiwi dollar is unlikely to be bringing any joy to the Reserve Bank
24 June 2020
The bank's expected to keep the Official Cash Rate at 0.25 percent today.
But, the post-Covid recovery is being hampered by a stronger than expected Kiwi dollar.
JMI Wealth director Andrew Kelleher says the expectations were our Trade Weighted Index would be lower.
He says the assumptions were it would fall, but it hasn't, and a high dollar doesn't help our exporters.
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