RBNZ deputy gov Bascand in a scheduled speech 22 Nov

  • NZ consumers more prudent since GFC, spending less of windfall from rising household wealth
  • consumer caution has contributed to low inflation in NZ
  • expects per=capita consumption to pick up over time, wary in case it does not
  • NZ not facing secular stagnation as some other developed economies
  • NZ working through prolonged but temporary debt overhang

Nothing of note. NZDUSD 0.7057 in retreat on general USD demand after failing above 0.7080