Reserve Bank of New Zealand Governor Wheeler is still chatting away at the press conference
Earlier: RBNZ monetary policy announcement: CUTS RATES
Also: Forex technical analysis: NZDUSD heads lower after surprise cut
and RBNZ's Wheeler: Believes NZD has significant way to fall still
So, more from Wheeler:
- Lower currency woud help dairy farmers
- Says today's rate cut wasn;t insurance
- Says 2014 rate cuts were not a mistake
- Immigration decline may help dampen Auckland house price rises
- Says 1 to 3 % inflation band is still appropriate
- Says 2% inflation goal appropriate
Also, from McDermott:
- Says neutral rate is still around 4.5%
-
News conference now concluded
