RBNZ's Bollard says WTO could have oversight role in global forex markets

Thu, 30 Aug 2012

By Paul McBeth Aug. 30 (BusinessDesk) - The World Trade Organisation could be a global oversight body to improve international practices for foreign exchange as the unorthodox monetary policies in the world's biggest economies creates market uncertainty, says Reserve Bank Governor Alan Bollard. Central banks that have embarked on quantitative easing have "clearly been having an effect on capital flows and exchange rates in other countries," including New Zealand where the kiwi dollar has stayed persistently high since the 2008 global financi...

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