In an interview with Bloomberg John McDermott, assistant governor of the Reserve Bank of New Zealand noted that the New Zealand Dollar ‘does need to adjust down’ against its US counterpart. It did and promptly lost 1 per cent of its value. This followed a central bank meeting this morning where it was agreed that the key Cash Rate should remain at the current record low 1.75 per cent.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis