RBNZ propose ability to intervene in forex market

The Reserve Bank of New Zealand on Thursday 11 March recommended to the Minister of Finance that, as one of its monetary policy implementation tools, it should have the capacity to intervene in the foreign exchange market to influence the level of the exchange rate.

The Reserve Bank's current stance is to use its foreign exchange reserves to intervene only if the foreign exchange market became "disorderly".

Reserve Bank Governor Alan Bollard said "We have recommended that when the New Zealand d

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