Global unspoken currency war will force up the New Zealand dollar
If NZ wanted to depreciate its dollar, Mr Hawkesby says “we would need to lower our interest rates significantly.”
An increase in global currency depreciation to fight slow economic growth and looming deflation are to be the plan of attack for central banks around the world.
A group of 20 of the most influential finance ministers and central bank leaders from around the world met last week in Istanbul to
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Jason Walls
Fri, 20 Feb 2015
Fri, 20 Feb 2015
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Global unspoken currency war will force up the New Zealand dollar
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