RBNZ’s Wheeler:
- Sees potential for significant fall in the New Zealand dollar
- Neutral interest rate may have declined
- Inflation pressures still likely to emerge
- There are upside risks to to the inflation outlook
- Rates are still below neutral
- Rates are still stimulating economy
Conference concluded.
–
Earlier comments here: RBNZ’s Wheeler speaking now: Rate pause has nothing to do with election
And:
Reserve Bank of New Zealand – leaves rates unchanged
RBNZ: A Comparison of the Statements (July and September)
Call for lower currency but more tightening to come has NZDUSD bouncing around
