Expect More RBNZ Rate Cuts, but New Zealand ETF Might not Care
July 29, 2015 at 09:00 AM EDT
The Reserve Bank of New Zealand is prepared to continue lowering interest rates, though it has cautioned against large one-time reductions because the economy there is not yet weak enough. However, the iShares MSCI New Zealand Capped ETF (NYSEArca: ENZL) might not care what RBNZ does with rates. At...