The kiwi dollar's taken a sizeable hit over the last three days .... thanks to the Reserve Bank's gamble on growth
The kiwi dollar's taken a sizeable hit over the last three days .... thanks to the Reserve Bank's gamble on growth
13 August 2018
We're down to 65.80 US cents this morning.
JMI Wealth director Andrew Kelleher says we're seeing the result of the Bank's announcement on Thursday that interest rates will stay flatter for longer.
He says it's great for exporters, and that's what the Bank is trying to do ... push growth into the wider economy.
Kelleher says the flip side is that imports coming in are costing a little more, but the Bank is taking the risk that the growth side will outweigh that.
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