RBNZ: Work on unconventional policy is at a very early stage – Bloomberg

Early on Tuesday, Bloomberg came out with a report quoting the Reserve Bank of New Zealand (RBNZ).

Key quotes

• Looking at refreshing unconventional policy strategy.
• Unconventional policy work 'at very early stage'.

FX implications

While RBNZ has already said that it was only a response to an official information request, statements favor the New Zealand central bank’s support for unconventional monetary policy and can be taken to selle the Kiwi.

Also read: NZD/USD clings to 0.6760 amid greenback strength, lack of fresh catalysts