Wheeler with last comments crossing the Bloomberg now:

  • Facing tension between house prices and interest rates

(He's got that right ...)

  • Lower OCR was needed to cushion drop in export prices

Aaaaannnnnndddddddddd .... that's it ... testimony concluded

He's had a busy day, I hope someone buys him a drink. Or at least a nice cup of tea.

  • RBNZ's Wheeler: Would like to see core inflation higher
  • RBNZ - more (again) analyst responses
  • RBNZ - more analyst responses
  • RBNZ - analyst responses
  • RBNZ Governor Wheeler press conference
  • RBNZ: Cuts rates by 25bp, as expected