New Zealand Dollar Falls 1.7% After Central Bank Holds Rate
The New Zealand dollar fell as much as 1.7% to 55.86 US cents after the central bank unexpectedly held its key rate, citing global uncertainty affecting domestic demand.
New Zealand’s central bank unexpectedly held its key interest rate, citing global uncertainty affecting domestic demand, according to Bloomberg. The New Zealand dollar fell as much as 1.7% to 55.86 US cents immediately after the decision. The headline says the bank raised the rate for a third strai…