ASB on RBNZ's FSR - this is not a change in the language of the monetary policy statement

Comments on the Reserve Bank of New Zealand's Financial Stability Report from Tim Kelleher at ASB Auckland:

• The bounce in the NZD is a result of the RBNZ removing "unjustified" description of kiwi's value
• Says also to be mindful this is an FSR, not a change in the language of the monetary policy statement