Comments from RBNZ Deputy Governor Christian Hawkesby
- Looking to use the balance sheet more
- Balance likely to remain important for a long time
This mainly reaffirms the central bank’s current position, in which it will keep the QE tap flowing, and that it is not afraid to pursue more unconventional policies to strengthen economic conditions amid the latest fallout from the crisis. virus.
With the RBNZ more dovish, the kiwi was the worst performing major currency in August and is down just over 1% against the US dollar this month.