RBNZ Wheeler:

  • Says if NZ dollar stays high in face of worsening fundamentals RBNZ could sell currency

More of Wheeler’s comments are here, but that comment is worth its own post. He is hinting at potential for intervention and what might trigger it

More:

  • High NZD will be a factor in making rates decisions along with economic data
  • Sees downward pressure on dairy prices next 2 to 3 years

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full text of Wheeler’s speech is here: The significance of dairy to the New Zealand economy