RBNZ's Yuong Ha says the Bank would like a weaker NZD
|Weakness in the NZD is being seen on the comments from Ha.
Key comments
- The central bank would like a weaker fx rate.
- The negative rate is a policy option, but not inevitable.
- RBNZ wants lower bond yields.
- New bond-buying targets meant to signal that intent.
NZD/USD update
The bird is under pressure as the bears start to stack their chips for downside bets.
The RBNZ has already highlighted on more than one occasion the currency's negative impact on imports.
The threat of negative rates should remain in place, especially as trade war tensions and full-blown war speculations mount between the US and China.
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