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 (20:03)

- In reaction to these comments NZD/USD rose 23 pips going from 0.8319 to 0.8342

30 Jan 2013 - 20:00 - Forex - Source: Newswires

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