Reserve Bank of New Zealand Governor Wheeler news conference now
Bank's chief economist & dep. gov. McDermott there also
Wheeler:
- Structural factors are weighing in inflation globally
- Sees growth of more than 3% pa over coming years
- risk house price inflation could pick up again but glad to see the deceleration that has happened
- Still very much neutral on rates
- Lower NZD would be helpful, weak USd one reason its strong
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There is a live stream here
(if you wanna ask 'stream of what?', srsly, don't get me started :-D)
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Pic from an old presser - Wheeler has got more grey since :-D.
He retires soon.