RBNZ's Wheeler: We would like to see a lower NZD

Reserve Bank of New Zealand Governor Wheeler appearing in parliament (committee)

• We would like to see a lower NZD
• Strong New Zealand economic growth has helped the NZD higher
• Intervention in FX market is always open to us ... have intervened in the past, always assessing criteria
• Don't think a rate cut is needed to return inflation to 2%

This is the second time today Wheeler has spoken - he said similar earlier at his post-meeting news conference (see bullets below for links)

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Earlier today from the Reserve Bank of New Zealand:

• RBNZ's Wheeler comments now on NZD intervention
• RBNZ Wheeler: Structural factors are weighing in inflation globally
• RBNZ decision and statement - analyst responses coming in
• RBNZ leave cash rate unchanged (as expected)