RBNZ: Work on unconventional policy is at a very early stage – Bloomberg

Anil Panchal FXStreet

Early on Tuesday, Bloomberg came out with a report quoting the Reserve Bank of New Zealand (RBNZ).

Key quotes

Looking at refreshing unconventional policy strategy.
Unconventional policy work 'at very early stage'.

FX implications

While RBNZ has already said that it was only a response to an official information request, statements favor the New Zealand central bank’s support for unconventional monetary policy and can be taken to selle the Kiwi.

Also read: NZD/USD clings to 0.6760 amid greenback strength, lack of fresh catalysts

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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