Comments from a speech from Reserve Bank of New Zealand Governor Wheeler:

  • Some further easing seems likely
  • Easing depends on emerging flow of economic data
  • Conscious of impact of low rates on house prices
  • Says his greatest concern at this point lies around outlook for China growth
  • Any substantial depreciation of the yuan would have serious implications for world economy
  • Says US in main bright spot in global economy
  • Recent economic indicators have been more encouraging

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Headlines via Bloomberg and Reuters from his speech

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NZD making new session lows on these comments

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Full text: Some reflections on the world of central banking