New Zealand Prime Minister John Key, more from his CNBC interview:

  • "I'm very skeptical about intervention"
  • Says any decisions on intervention are for the RBNZ
  • "History tells you its not a very successful strategy"
  • "It sort of works if you are at an extreme point and it might do something, but if its just trying to buck a trend then in my opinion it doesn't work terribly well"

Headlines on Bloomberg