FXstreet.com (Barcelona) - The Reserve Bank Of NZ, with his newly appointed governor Mr. Wheeler , decided to keep the cash rate unchanged at 2.50%. According to the RBNZ, while the New Zealand economy still shows signs of expansion at modest pace, the strength of the NZ Dollar is undermining export earnings. On the monetary statement, annual inflation was reported to head back to the mddle of its target range towards 2%. RBNZ Wheeler added to monitor inflation indicators closely in the months to come. The statement, overall, is hardly dovish, against recent market expectations, which had started to speculate on a possible ease in monetary policies following weak slew of domestic indicators coupled with evidence of a global slowdown.