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RBNZ To Boost FX Reserves Per Reuters Reports

RBNZ

Reuters headlines have crossed that the RBNZ will increases its foreign reserve holdings. The RBNZ and the Finance Ministry have reportedly agreed to a new framework for FX reserves, under which an increase in reserve holdings has been deemed warranted.

  • The transition to higher FX reserves levels will take place over a number of years, while the new agreement maintains the right for the RBNZ to intervene in FX markets.
  • The RBNZ also stated it will not make any further comments on the size or composition of the increase in FX reserves, per Reuters reports.
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