The Reserve Bank's new foreign exchange intervention policy
AbstractLast year the Reserve Bank concluded a review of its foreign exchange intervention policy. The review resulted in a recommendation to the Government that the Bank be given the capacity to broaden the objectives of foreign exchange intervention towards helping the Governor achieve monetary policy objectives as dictated by the Policy Targets Agreement (PTA). This article describes our new intervention role and the implications for the management of the Bank's foreign reserves.
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Bibliographic InfoArticle provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.
Volume (Year): 68 (2005)
Issue (Month): (March)
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- Anella Munro & Michael Reddell, 2012. "Foreign currency reserves: why we hold them influences how we fund them," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 75, pages 35-45, September.
- Kelly Eckhold, 2010. "The currency denomination of New Zealand’s unhedged foreign reserves," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 73, pages 37-46, September.
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