Posts tagged 'Kiwi'

RBNZ is really not the one

New Zealand’s central bank has done what it threatened to do back in February and intervened directly in the country’s rather high exchange rate via the FX markets.

Governor Graeme Wheeler confirmed the RBNZ had been intervening in a parliamentary hearing this morning. From Read more

RBNZ is NOT the one

Don’t go messing with the kiwi! The governor of New Zealand’s central bank, Graeme Wheeler, was pretty clear in a speech earlier today:

We believe the exchange rate is significantly over-valued relative to what would be sustainable long term in the absence of sizeable increases in the terms of trade and productivity.

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