New Zealand's exports of goods may decline by $3 billion over the next 12 months, led by food products as global prices fall and the kiwi dollar remains stubbornly high.
Paul McBeth | Thursday April 26, 2012 | 2 comments
The kiwi gained in local trading despite an attempt to Reserve Bank governor Alan Bollard to talk down the currency when he kept interest rates at their record low level today.
Expectations of an official cash rate hike over the next 12 months have fallen to the lowest since mid-February as a high kiwi and a modest economic recovery keep inflation well within the central bank's target range.