Comments from a speech from Reserve Bank of New Zealand Governor Wheeler:
- Some further easing seems likely
- Easing depends on emerging flow of economic data
- Conscious of impact of low rates on house prices
- Says his greatest concern at this point lies around outlook for China growth
- Any substantial depreciation of the yuan would have serious implications for world economy
- Says US in main bright spot in global economy
- Recent economic indicators have been more encouraging
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Headlines via Bloomberg and Reuters from his speech
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NZD making new session lows on these comments
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