NZ dollar rises after RBNZ says unconventional policy unlikely

Thu, 26 Sep 2019

By Jenny Ruth Sept. 26 (BusinessDesk) - The New Zealand dollar rose after Reserve Bank governor Adrian Orr said the central bank is unlikely to use unconventional monetary policy measures like those used by the Federal Reserve and European Central Bank. The kiwi was trading at 63.06 US cents at 5pm in Wellington from 62.75 cents at 8am. The trade-weighted index was at 70.37 from 70.06. Orr told an NZX issuer forum in Auckland today that the global low interest rate environment is raising new challenges for central banks, including the...

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