Comments from New Zealand finance minister English crossing Bloomberg
English speaking in parliament
- Says NZD fall to make industries more profitable
-
(Well, in NZD terms, OK ... lower NZD makes NZ exports cheaper on world mkts too)
English paid out on governor Wheeler and the RBNZ back in June ....
RBNZ head Wheeler needs to get inflation back to target
"People think he's got plenty of room" to lower rates"
"He's been out of the zone for years now, below the midpoint for quite a long time"
and
"He's meant to be following the Policy Targets Agreement, that's the bit I look at, and one day somebody will start asking the minister of finance questions about whether he's actually following the agreement or not."
