NZ dollar higher after RBNZ says financial stability risks have eased

Wed, 28 Nov 2018

By Rebecca Howard Nov. 28 (BusinessDesk) - The New Zealand dollar was higher against the US dollar after the Reserve Bank relaxed curbs on high-risk mortgage lending and said financial stability risks have eased. The kiwi traded at 67.94 US cents at 5pm in Wellington versus 67.87 cents at 8am in Wellington and 67.64 cents yesterday. The trade-weighted index advanced to 74.37 from 73.96. In the twice-year financial stability report, the central bank said "both mortgage credit growth and house price inflation have eased to more sustainab...

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