RBNZ weighs ‘European presence' to aid reserve management


The Reserve Bank of New Zealand (RBNZ) is considering establishing a "full-time European presence" to help improve the risk management of, and returns on, its foreign exchange reserves, it announced today.

The central bank currently manages its foreign exchange reserves from New Zealand, and announced its intention to "review" this situation over the next three years in a ‘statement of intent', published today.

"Given the range of currencies in which the bank's foreign reserves are held, managed

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