FXStreet (Mumbai) – New Zealand’s Finance Minister, Mr. Bill English, is now on the wires noting that he ‘expects NZD/USD to fall gradually in response to US rate hike.‘
In a Bloomberg Television interview earlier on the day, the Fin Min held the country’s central bank (RBNZ) responsible for slower economic growth in 2015 after the bank raised rates too high in 2014.
Key Quotes:
“It’s one of the factors, along with dairy prices, that probably led to a much flatter 2015 than we had expected
“In retrospect, they lifted them a bit far” and “had to go back,” adding “it could be quite a while before we’re raising rates in New Zealand.”
(Market News Provided by FXstreet)