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Reserve Bank builds war chest to support the dollar if there's a crisis

Summary by Ground News

The Reserve Bank of New Zealand is slowly building a war chest of foreign reserves. In January, the central bank announced it would accumulate additional foreign reserves to help it more effectively intervene in the currency market if the NZD tanked or soared. The RBNZ said it would bolster its reserves over a number of years to minimise the impact on the market.

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Reserve Bank builds war chest to support the dollar if there's a crisis

A closer look at why the Reserve Bank is accumulating billions in foreign reserves.

2 years ago·Auckland, New Zealand

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NZ Herald broke the news in Auckland, New Zealand 2 years ago on Thursday, September 28, 2023.

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