Bill English, deputy prime minister & finance minister of New Zealand, says the country wants "sustained, moderate growth" of 3 percent over the next 2-3 years, but warns of risks from China and Australia.» Read More
Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the Reserve Bank of New Zealand is trying to "re-connect" its currency with the country's key commodity exports.
Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.
Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the Reserve Bank of New Zealand has shifted its focus away from the currency to the domestic mortgage market.
Boris Schlossberg, Managing Director at BK Asset Management, says the Reserve Bank of New Zealand could be prepared to weather a strong currency for some time, in exchange for control on its property sector.
The Reserve Bank of New Zealand became the first developed world central bank to hike interest rates on Thursday. Will other central banks follow suit? CNBC's Julia Wood reports.
David Greene, Head of Dealing at AFEX Australia, says the Reserve Bank of New Zealand will likely hike interest rates on Thursday, on the back of stable economic conditions.
Khoon Goh, Senior FX Strategist at ANZ and Kathy Lien of BK Asset Management discuss why the Kiwi looks set for further gains after the RBNZ's hawkish statement.
New Zealand's central bank held its key rate at a record low and indicated it would likely stay there into 2014 because of a strong dollar, and the prospect of inflation from a pick-up in earthquake rebuilding and more active housing market.
Fred Gibson, Associate Economist, Moody's Analytics, says New Zealand's central bank will likely start its tightening cycle in the third quarter of next year after keeping rates steady on Thursday.