WELLINGTON: The Reserve Bank of New Zealand scaled back its activity in currency markets last month selling a net $NZ30 million ($23.40 million), central bank data showed on Thursday.
That compared with net sales of NZ$521 million in August as it looked to take advantage of negative sentiment towards the currency and add momentum to its sell off.
The RBNZ on Thursday renewed its concern at the unjustified and unsustainable level of the currency in its latest monetary statement.
Comments
Comments are closed.