A lot of work needs to be done to meet monetary policy goals, Reserve Bank of New Zealand (RBNZ) deputy governor Christian Hawkesby said on Wednesday.
“Looking to make more use of the balance sheet.”
Balance likely to remain important for a long time.
The comments above didn’t impact the Kiwi Dollar as the NZD / USD winds its way through near-daily lows of 0.6545 after a brief spike at 0.6565.
At the time of writing, the kiwi is trading 0.08% higher at 0.6552.