(Bloomberg) -- New Zealand's dollar rose on
expectations central bank Governor Alan Bollard will raise
interest rates next week, buoying demand for the currency from
investors who can borrow at cheaper rates in Japan.
Ten of 15 economists surveyed by Bloomberg News expect
Bollard will raise the official cash rate to a record 8.25
percent on July 26. There is a 72 percent chance of an increase
next week, according to an index calculated by Credit Suisse.
Read more at Bloomberg Currencies News
expectations central bank Governor Alan Bollard will raise
interest rates next week, buoying demand for the currency from
investors who can borrow at cheaper rates in Japan.
Ten of 15 economists surveyed by Bloomberg News expect
Bollard will raise the official cash rate to a record 8.25
percent on July 26. There is a 72 percent chance of an increase
next week, according to an index calculated by Credit Suisse.
Read more at Bloomberg Currencies News
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