• Reserve Bank of New Zealand Governor Graeme Wheeler: New Zealand’s currency was still "unjustifiably high"

Noticias del mercado

25 septiembre 2014

Reserve Bank of New Zealand Governor Graeme Wheeler: New Zealand’s currency was still "unjustifiably high"

The Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler said today:

  • The kiwi was still "unjustifiably high";
  • The strength of the New Zealand dollar was "unjustified and unsustainable";
  • When the kiwi declines from an unjustified and unsustainable level, the downward adjustment can be large;
  • The real exchange rate has not adjusted to the recent fall in commodity prices;
  • "Unjustified and unsustainable are important considerations in assessing whether exchange rate intervention is feasible".

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