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20 Apr 2024 18:19
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      Home > News > Business

    A conundrum ahead for the Reserve Bank

    A conundrum ahead for the Reserve Bank


    While the bank's today expected to leave the Official Cash Rate unchanged ... a wider issue at hand is our strengthening Kiwi dollar.

    The bounce back in the New Zealand currency is said to provide little relief for local exporters in the post-Covid recovery.

    JMI Wealth Director Andrew Kelleher says the Reserve Bank may address the issue this morning.

    He says it could be something they comment on, but a muted market response is expected.

    After our dollar slumped to 57 US cents on March 20, it's since rebounded to now sit at almost 65-cents today.

    © 2024 Newstalk ZB, NZCity

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