Comments from Reserve Bank of New Zealand's Governor Wheeler in his press conference after the monetary policy decision a few minutes ago
Earlier: RBNZ monetary policy announcement: CUTS RATES
Also: Forex technical analysis: NZDUSD heads lower after surprise cut
-
Wheeler:
- Says NZD level is unjustified and unsustainable
- Pleased the NZD has come down, believes it has a significant way to go
- Says lower currency would help dairy farmers
Wheeler is forecasting one more rate cut
