News Headline Summary
RBNZ governor Wheeler says appropriate for policy to be held steady, low inflation due to overvalued NZD
- High NZD undermines export profitability.
- Does not want to see financial stability or inflation risk accentuated by housing demand.
- watching house price inflation and household credit growth.
- Growth to strengthen over the coming year.
Reaction details (15:03)
- In reaction to these comments NZD/USD rose 23 pips going from 0.8319 to 0.8342
30 Jan 2013 - 15:00
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