RBNZ's Wheeler: Don't need rapid easing
|During a speech in a private event, RBNZ’s Governor Graeme Wheeler said there is no need for rapid easing or policy change.
Key headlines (via Bloomberg):
- Don't see need for no policy change
- Don't need rapid easing
- NZD too high
- Expectations on policy often run ahead of reality
- Low headline inflation could dampen price expectations
- Rapid rate cuts would result in unsustainable growth
- Rapid rate cuts would further inflame property mkt
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