NZ Deputy PM Peters is taking credit for the falling NZD, but not for falling business confidence
New Zealand press with the report on comments from Deputy Prime Minister Winston Peters
- "The previous government wouldn't move a muscle when the dollar was so bad for exporters"
- "We've been prepared to say, 'no, no, we're going to look at the Reserve Bank Act', and we've sent a clear signal we're not going to put up with a dollar that's disruptive to our export markets and New Zealand's export-created wealth."
- The Government did not accept responsibility for low levels of business confidence, Peters said.
Peters might get into a bit of hot water with US President Trump if Mr. T thinks the NZ government is manipulating the currency ….