NZD slides to four-month low as central bank hints at easing
Kiwi reaches lowest levels since October as the RBNZ suggests a prolonged inflation battle; exchange rate predicted to weaken
The New Zealand dollar dropped to a four-month low against the US dollar today (January 28), after the country's central bank mulled future interest rate cuts to counter low inflation.
The kiwi traded at 0.6451 against the dollar at midday Hong Kong time – its weakest showing since early October, when it bounced back from levels not seen since the 2008 financial crisis.
The drop followed the Reserve Bank of New Zealand's (RBNZ) decision to maintain its benchmark interest rate at 2.5% amid hints
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