RBC strategists sharply cut their growth forecast for New Zealand and say "a continuation of...

|By:, SA News Editor

RBC strategists sharply cut their growth forecast for New Zealand and say "a continuation of exceptionally loose monetary conditions through 2011 now appears wholly appropriate," after a 6.3 magnitude earthquake hits Christchurch. Shares (ENZL) -0.7%. Kiwi (BNZ) -1.7% vs. the greenback.