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New Zealand’s English Says Currency Intervention Not a Panacea

Nov. 9 (Bloomberg) -- New Zealand Finance Minister Bill English said encouraging the central bank to sell the currency to boost the prospects for exporters is “not a panacea” and is a risky strategy for a highly indebted nation.

English was commenting in a discussion with Labour Party finance spokesman David Cunliffe on Radio Live today. To successfully contemplate intervention required “hundreds of billions in the bank,” English said.

To contact the editor responsible for this story: Tracy Withers at

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