Oct. 21 (Bloomberg) -- New Zealand’s strengthening currency isn’t an impediment to the central bank raising interest rates, Reserve Bank Governor Alan Bollard said, according to Radio New Zealand.

Bollard said the currency’s gains are being driven by a weak U.S. dollar and money markets which are already factoring in rises in the official cash rate, according to the broadcaster.

Last Updated: October 20, 2009 20:01 EDT