First NZ Capital says the RBNZ will raise rates in June and December

• First NZ Capital says the RBNZ will raise rates in June and December
• Previously First NZ saw rate rises from the Reserve Bank of New Zealand in June, July and December

Earlier news from New Zealand: Fonterra has announced a milk price forecast of NZ$7 per kg/milk solid for the 2014-15

NZD/USD is currently on its highs for the session around 0.8561/66