New Zealand - RBNZ won’t raise rates next year as markets expect

The Reserve Bank of New Zealand’s decision to leave interest rates at 1.75% today and repeat its comment that they will stay there for a “considerable period” should prompt the financial markets to further pare back their expectations that rates will rise next year. That would be consistent with the New Zealand dollar slipping back from US$0.72, perhaps eventually to US$0.65.

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