On Wednesday, December 8, the Reserve Bank of New Zealand will announce its latest interest rate decision. At first glance, it might appear that a small rate hike is in order, considering the country’s rising costs of living. But dig a bit deeper, and the overwhelming likelihood is that the bank will not change rates at all – placing a lot of short-term selling pressure on the New Zealand dollar (NZD).
Don’t Bet on New Zealand’s Recovery
On Wednesday, December 8, the Reserve Bank of New Zealand will announce its latest interest rate decision. At first glance, it might appear that a small rate hike is in order, considering the country’s rising costs of living. But dig a bit deeper, and the overwhelming likelihood is that the bank will not change rates at all – placing a lot of short-term selling pressure on the New Zealand dollar (NZD).
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