RBNZ Wheeler speaking to parliamentary committee now – Says NZD carry trade is quite strong

• Says NZD carry trade is quite strong, and may strengthen
• Says Japan may be a source of more carry-trade activity
• says it is in New Zealand’s interest to have more diversified export markets

Headlines via Bloomberg

—

We’ve had comments from both governor Wheeler and deputy governor Spencer already this morning, centred around the release of the RBNZ Financial Stability report for May:

• RBNZ says house prices remain overvalued
• RBNZ’s Wheeler: Says rate rises will help damp house price inflation
• RBNZ’s Wheeler again: Says the RBNZ will ‘feel our way’ through the tightening phase