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Kick My Currency Please

Kick my currency

July 24, 2009

Many central bankers think what Alan Bollard thinks. The difference with Bollard, governor of the Reserve Bank of New Zealand, is that, last week, he said it out loud. "[W]hat is needed," he told a business audience in the nation's wine-growing region of Hawke's Bay, "is for the New Zealand dollar to be persistently weak over the coming years. . . ."