• Says price stability will boost growth.
  • Says price stability will remain objective.
  • Says New Zealand doesn’t need quantitative easing.
  • Says N.Z. needs to reverse productivity growth slowdown.
  • Says bank has scope to cut rates if needed.
  • Would like to see lower currency.
  • Says price, financial stability RBNZ central objectives.
  • Says currency intervention can have short-term impact.
  • Prepared to intervene if all criteria met.

NZD/USD taking it on the chin at 0.8191/95.

BBG headlines