Wheeler is appearing before a parliamentary committee. more comments crossing now:
- NZ dollar is still overvalued
- Pleased NZD has fallen
- Reiterates NZD level is unsustainable and unjustified
- Says interest rates still at a low level
- Interest rates still stimulating economy
- Rates would have risen more without loan limits
more to come
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Earlier from the RBNZ & Wheeler:
- RBNZ Financial Stability Report: NZ still elevated. Could drop further
- RBNZ Gov. Wheeler Press Conference comments
His earlier comments have only had a very limited impact on the NZ dollar
