RBNZ Governor Wheeler press conference now – comments

  • NZ economic recovery becoming more broad-based
  • Lower FX rate would support export industries
  • High NZD constraining export industries
  • Fiscal consolidation to weigh on aggregate demand
  • Says if loan limits are not effective, will have to rethink

Earlier headlines from the RBNZ statement, these are Wheeler’s comments at his press conference.

Note – Wheeler will also be making comments in front of a parliamentary committee from 0110GMT

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