Comments by RBNZ governor, Adrian Orr
- RBNZ has to be on real-time watch and be willing to move with less than full info
- Kiwi dollar has been remarkably well behaved
- It's slightly south of fair value but it's on the good side of stimulatory
After dropping under 0.6000 against the dollar and approaching parity with the aussie, it looks like Orr has no qualms about the current level of the kiwi. Against the dollar, the kiwi has fallen by more than 11% already so far this year.
