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RBNZ’s Orr: Not concerned on NZD exchange rate

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While speaking about the Reserve Bank of New Zealand’s (RBNZ) response to COVID-19, in Wellington, on Wednesday, Governor Adrian Orr said that he is not concerned on the NZD exchange rate.

Earlier on in the day, he said that the central bank is preparing for additional monetary policy tools, signaling at the use of negative interest rates.

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Very interesting - in usual cases, the domestic currency usually weakens but the NZD gained ground! Hmm...

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