New Zealand Finance Minister Grant Robertson:
- NZD is well regarded by markets
- Strong kiwi dollar reflects strong economy
- Business confidence will recover
- The new RBNZ PTA will reflect desire for price stability
(PTA is Policy Target Agreement .... which the Bank has with the government)
-
The NZD has been a wee bit wobbly, not just USD related .... the new government wants to change the RBNZ focus more towards full employment .... the perception in the market is the new governor (Orr, starts on the job late March) might be inclined to loosen policy to get even faster jobs growth .... hence a bit of concern over the NZD. Let's see how that plays out
