Reserve Bank of New Zealand Governor Wheeler news conference now

Bank's chief economist & dep. gov. McDermott there also

Wheeler:

  • Structural factors are weighing in inflation globally
  • Sees growth of more than 3% pa over coming years
  • risk house price inflation could pick up again but glad to see the deceleration that has happened
  • Still very much neutral on rates
  • Lower NZD would be helpful, weak USd one reason its strong

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There is a live stream here

(if you wanna ask 'stream of what?', srsly, don't get me started :-D)

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Pic from an old presser - Wheeler has got more grey since :-D.

He retires soon.