(Bloomberg) -- New Zealand's dollar may gain for a
third day on growing speculation Reserve Bank Governor Alan
Bollard will increase interest rates as soon as next week.
The chance of a quarter-point rise in the benchmark rate at
a June 7 review rose to 31 percent from 18 percent last week,
according to an index calculated by Credit Suisse. Yesterday,
economists at Westpac Banking Corp. said they expect a rate
increase because of inflation pressures.
Read more at Bloomberg Currencies News
third day on growing speculation Reserve Bank Governor Alan
Bollard will increase interest rates as soon as next week.
The chance of a quarter-point rise in the benchmark rate at
a June 7 review rose to 31 percent from 18 percent last week,
according to an index calculated by Credit Suisse. Yesterday,
economists at Westpac Banking Corp. said they expect a rate
increase because of inflation pressures.
Read more at Bloomberg Currencies News
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