Off The Wire
RBNZ unconcerned by recent rise in New Zealand dollar - governor
WELLINGTON, Feb 8 (Reuters) - Reserve Bank of New Zealand governor Grant Spencer said on Thursday that the bank was not concerned about the New Zealand dollar, which had risen in recent months.
"We're comfortable with where it is," Spencer told reporters, adding that the New Zealand dollar's strength was largely on the back of weakness in the U.S. dollar.
Spencer made the comments at a press conference after the bank announced it had kept rates on hold at a record low of 1.75 percent and reiterated that it planned to leave interest rates on hold for years as it works to boost inflation. (Reporting by Charlotte Greenfield and John Mair; Editing by Toby Chopra)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.