Reserve Bank of New Zealand to consult on new capital adequacy documents in late 2018

Livesquawk reports the latest headlines from the Reserve Bank of New Zealand (RBNZ), citing that the New Zealand’s central bank is likely to consult on new capital adequacy documents in late 2018.

The RBNZ added that the intention is not to change policy content of framework.

On the data front, New Zealand Construction Work numbers released that came in at-0.9pct q/q versus 0.5 percent expected and 1.0 percent previous.