RBNZ’s Wheeler:

  • Sees potential for significant fall in the New Zealand dollar
  • Neutral interest rate may have declined
  • Inflation pressures still likely to emerge
  • There are upside risks to to the inflation outlook
  • Rates are still below neutral
  • Rates are still stimulating economy

Conference concluded.

Earlier comments here: RBNZ’s Wheeler speaking now: Rate pause has nothing to do with election

And:

Reserve Bank of New Zealand – leaves rates unchanged

RBNZ: A Comparison of the Statements (July and September)

Call for lower currency but more tightening to come has NZDUSD bouncing around

Westpac forecasts next RBNZ rate hike in March 2015