RBNZ’s Conway: Rates of 2.5% at lower end of neutral range, but we are feeling our way

More from RBNZ’s Conway:

• Rates of 2.5% at lower end of neutral range, but we are feeling our way
• Neutral interest rate is moving around all the time
• AI investment, climate change could put upward pressure on neutral rate
• Monetary policy is still working, confident negative output gap will close
• House prices not exploding as usual, we view that as a good thing
• Lower rates will find their way to residential investment

Conway's been all over the headlines this morning in New Zealand. The Kwiw $, though, is unmoved.

• Reserve Bank of New Zealand's Conway says will close the gap between Dec, Feb meetings
• RBNZ's Conway doesn't expect to use additional monetary policy tools again any time soon