New Zealand co-ordinated announcements lend the NZD a wee bid

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Eamonn Sheridan

20/08/2020 | 03:24 GMT

First this from the finance minister:

NZ has boosted its business finance guarantee scheme

Followed moments later by this from the Reserve Bank of New Zealand:

RBNZ says extends term of lending facility from 3 now to 5 years

The RBNZ want the kiwi $ lower … not higher.

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