RBNZ may continue to sell its dollar - deputy gov

Grant Spencer, deputy governor of the Reserve Bank of New Zealand said on 27 June that the central bank may continue selling its domestic currency, now trading at its highest level in more than two decades.

Spencer also suggested that attempts to lower the value of the New Zealand dollar do not "run counter to monetary policy and the Reserve Bank's low inflation objective".

On 11 June the central bank sold the kiwi for the first time since the currency was allowed to float twelve years ago (se

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