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The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month
The Reserve Bank is continuing to build up its war chest of foreign currency in the event that it needs to intervene in the foreign exchange markets. This is according to the RBNZ's foreign currency assets and liabilities monthly figures, which show that the RBNZ's 'foreign currency intervention capacity' was increased by some $739 million in October. This means that our central bank has now increased the amount of its foreign currency assets available for currency intervention by over $5.5 billion since just June of this year. The total amount available is now $18.464 billion, which is an increase of some 42.9% on ... (full story)