NZ dollar falls on news RBNZ is looking at "unconventional" policy

Tue, 23 Jul 2019

By Jenny Ruth July 23 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank released information showing it is at a "very early stage” in refreshing its “unconventional monetary policy strategy." The kiwi was trading at 67.31 US cents at 5pm in Wellington from 67.63 at 7:50am. The trade-weighted index eased to 73.66 points from 73.92. In response to an Official Information Act request from Bloomberg News, RBNZ said its work is at a very early stage and that it is withholding information relating to this to avoid “prejudic...

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