Reserve Bank of New Zealand Governor Wheeler appearing in parliament (committee)
- We would like to see a lower NZD
- Strong New Zealand economic growth has helped the NZD higher
- Intervention in FX market is always open to us ... have intervened in the past, always assessing criteria
- Don't think a rate cut is needed to return inflation to 2%
This is the second time today Wheeler has spoken - he said similar earlier at his post-meeting news conference (see bullets below for links)
--
Earlier today from the Reserve Bank of New Zealand: