- 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