RBNZ’s Wheeler:
- Says interest rate differentials are increasing
- Would be surprised to see others raising rates this year
- Wouldn’t expect significant gains on tightening
- Higher exchange rate would be a concern
- Exchnage rate is a headwind for exporters
- Exchange rate in long run can’t be sustained
- Loan limits helping to curb house-price inflation
Bloomberg headlines
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Meanwhile:
- a Reuters poll says the RBNZ is seen raising rates by 50 basis points in the June Q and 25 in the Septemebt Q
