The New Zealand dollar rallied by more than US1c today after the Reserve Bank opted to keep its official rate at 3.5 per cent. Expectations had built up that the bank might hint at an easing bias in future, but analysts said Reserve Bank Governor Graeme Wheeler instead showed that policy would remain neutral. "Our central projection is consistent with a period of stability in the official cash rate," Wheeler said. "However, future interest rate adjustments, either up or down, will depend on the emerging flow of economic data," he said in a statement. The New Zealand dollar went from US71.90c just before the 9 am ... (full story)