Financial Times recaps the NZ policy news & NZD moves:
- The kiwi slid from an intraday high of $0.7003
- The policies, include pledges to reform the Reserve Bank Act, which will likely see an expanded role for the country's central bank in foreign exchange rate controls, as well as a crackdown on foreign buyers of residential property and a range of social policies
FT piece is here, may be gated
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On the Financial Times 'expanded role for the country's central bank in foreign exchange rate controls' - this is something NZ First would like, but there was no specific announcement on anything like this today.
If you would like a good rundown summary of what was announced, check this out: