Reserve Bank vigilant as NZ dollar dips to nine-month low

(Image: Getty)

Wed, 23 Aug 2023

The Reserve Bank of New Zealand is keeping a watchful eye on the kiwi dollar, which hit a fresh nine-month low this week. Paul Conway, chief economist at the Reserve Bank of NZ (RBNZ), told BusinessDesk: “It’s definitely something that we are mindful of going forward."The kiwi briefly touched US$0.58 (NZ$0.99) overnight Monday before moving back to just above US$0.59.The NZ dollar has lost 7% against the greenback since the beginning of 2023. This week’s move came on the back of rising treasury yields and more n...

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