Bit of chatter around that the RBNZ sale of small (relative) amounts of NZD over November may be the beginning of a case for intervention.
The RBNZ sold $NZ64 million over November. OK, thats a trifling amount, but it could be read as significantly more than the normal ‘noise’.
Its not news that the RBNZ would like a lower NZD – and while this doesn’t qualify as intervention, it is notable nonetheless.
