RBNZ Spokesman: Will engage constructively on the government proposal to add a house price remit
|A Reserve Bank of New Zealand (RBNZ) spokesman said that the central bank will engage constructively on the government proposal to add a house price remit.
The RBNZ official responds to the earlier comments by Finance Minister Grant, citing that the government is seeking advice on whether to include stability in house prices as a factor in the RBNZ remit while formulating the monetary policy.
NZD/USD reaction
NZD/USD is off the highs but holds sizeable gains on the RBNZ response. The spot was last seen trading at 0.6970, up 0.74% on the day.
The kiwi jumped 50-pips and hit the highest levels in over two years at 0.6983, as the RBNZ remit change is seen to have pushed back further easing expectations.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.