NZ finance minister says NZD gains reflect the strength of the local economy

New Zealand Finance Minister Grant Robertson

  • says economy is stronger than expected

(Q3 GDP certainty was: New Zealand Q3 GDP: +14.0% q/q (sa) (expected +12.9%))

  • says no great discomfort with the level of the NZD

On house prices (which are surging in NZ):

  • wants to give first home buyers a fair go
  • is uneasy with debt-to-income ratios

NZD higher on his remarks:

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