Why the NZ exchange rate is unjustified and unsustainable

The Reserve Bank considers the level of the exchange rate is unjustified and unsustainable, and that it is susceptible to a significant downward adjustment, Governor Graeme Wheeler said in a statement today. Mr Wheeler said the Bank would welcome a move towards a more sustainable exchange rate le…

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Why the NZ exchange rate is unjustified and unsustainable

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