New management at the Reserve Bank's behind a tweak that's seen the kiwi dollar plunge
New management at the Reserve Bank's behind a tweak that's seen the kiwi dollar plunge
13 August 2018
It's at 65.63 US cents this morning, a downward trail that started with the Bank's monetary policy statement last week indicating the OCR would be left untouched for quite some time.
JMI Wealth director Andrew Kelleher thinks there's been a change of guard with the leadership of Adrian Orr.
The bank was looking for a reaction from Thursday's announcement, and definitely got it.
Manufacturers will welcome the drop, which will boost their export earnings ... travellers and buyers of imported goods, not so much.
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