kiwi dips after NZ fin min says changes to RBNZ mandate could mean looser policy
Following yesterday's RBNZ and presser and subsequent comments that trickled through for the rest of the day from New Zealand Finance Minister Grant Robertson, he is hitting the wires once again and has suggested:
- "One impact of RBNZ dual mandate could be a looser policy in certain situations, although the RBNZ Board has not yet recommended a new governor, and could well come prior to March.
RBNZ: OCR stays at 1.75%, on hold guidance maintained - Westpac
RBNZ's McDermott - NZD 'looks about right', in no rush to raise rates
Currently, NZD/USD is trading at 0.6937, down -0.26% on the day, having posted a daily high at 0.6956 and low at 0.6936.