English Says Kiwi in Mid-to-High 70s Sustainable for New Zealand

New Zealand Finance Minister Bill English said a U.S.-kiwi exchange rate in the “mid-to-high 70s” is sustainable for the economy as he seeks steady growth and moderate business cycles.

  • “We have that opportunity ahead of us over the next three or four years of 3 percent growth,” English said in an interview with Bloomberg TV from the Group of 20 summit in Brisbane yesterday
  • For “exporters it’s had quite a positive impact on their productivity and competitiveness,” he said
  • NZD/USD up 0.6% at 0.7954
  • See story here

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