Reserve Bank of New Zealand Governor Wheeler now trotting out intervention comments in his news conference
- Says monitors traffic light system for currency intervention closely, wont comment on whether currency strength is affecting the system
And, more from the big Wheel:
- One of the risks around global outlook is that markets assume central banks will remain accommodative for a long period
- Struggled to get headline inflation higher mainly due to 4 years of negative tradables inflation
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I have posted before on the Reserve Bank of New Zealand 'traffic light' system for intervening in the currency.
ICYMI:
- How to time a currency intervention - inside information direct from a central bank
And, plenty more on this:
- RBNZ 'traffic light' guide to when they will intervene in the NZD
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Earlier today on the RBNZ: