New Zealand's central bank dampened expectations of a big interest rate hike when it meets next month, with comments on Tuesday that indicated it may take a more cautious approach. The Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said in a speech that amid uncertainty, when the risks are evenly balanced, "central banks globally tend to follow a smoothed path and keep their policy rate unchanged or move in 25 basis point increments."The New Zealand dollar last traded 0.2per cent weaker at US$0.7015, having touched a three-week low of US$0.7000 earlier in the session in response to the RBNZ ... (full story)