LONDON, July 26 (Reuters) - Reserve Bank of New Zealand Assistant Governor John McDermott said on Wednesday that a lower currency would help rebalance economy growth.
"From a growth point of view, a lower real exchange rate would help rebalance growth towards the tradables sector, especially as not all traded industries are benefiting from the current high terms of trade," McDermott said in a speech.
The New Zealand dollar
last week hit its highest level since September 2016 and is currently not far from those levels.
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News: Lower NZ dollar would help rebalance growth-RBNZ's McDermott
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