13 Jun 2013

Dollar dips after decision to keep OCR at 2.5%

9:56 pm on 13 June 2013

The New Zealand dollar has fallen further after the Reserve Bank left the official cash rate unchanged at 2.5% on Thursday.

The dollar fell half a cent against the US dollar after the announcement, and has continued to fall, and is now trading at around 79.20 US cents.

The NZX50 index has fallen nearly 1% on Thursday, closing down 44 points to 4401.