Graeme Wheeler is governor of the Reserve Bank of New Zealand
He is speaking at a private event, but the bank have published the text of his speech (topic is Monetary policy challenges in turbulent times)
more to come
- Don't need rapid easing
- Don't see need for no policy change
Headlines via Bloomberg
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NZD higher on the ' Don't need rapid easing ' headline from his speech
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The full text is here: Monetary policy challenges in turbulent times
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More:
- NZD too high
- Expectations on policy often run ahead of reality
(D'uh)
- Low headline inflation could dampen price expectations
More still:
- rapid rate cuts would result in unsustainable growth
- Rapid rate cuts would further inflame property mkt