The Markets

Kiwi dollar spikes as RBNZ challenged on house prices

Tuesday 24th of November 2020

 

The currency spiked as news wires lit up with reports of the minister’s letter urging Reserve Bank governor Adrian Orr to consider the effect monetary policy was having on house prices.

The kiwi peaked at 69.89 US cents - up from 69.30 - before easing to 69.70 at 5pm when Orr penned a response in which he agreed to consider the suggestion, but also defended the cent...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.