RBNZ could ‘scale up’ forex intervention


Graeme Wheeler, the governor of the Reserve Bank of New Zealand (RBNZ), today said the central bank is "prepared to scale up" its intervention in the foreign exchange markets to combat the "significantly over-valued" exchange rate.

At the beginning of May, Wheeler announced the sale of around NZ$256 million ($208 million) in an attempt to "dampen some of the spikes in the exchange rate", and today he signalled a willingness to return to the markets.

The RBNZ, he stressed, must be "realistic"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: