Wheeler says some OCR easing likely but wants to avoid stoking property demand

Tue, 13 Oct 2015

By Jonathan Underhill Oct. 14 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has reiterated that he is likely to cut interest rates again, although he is also conscious of the risk that low borrowing costs inflame the housing market and wants to retain some capacity to ease policy in the event of a global downturn. Wheeler told the Institute of Finance Professional NZ annual conference in Auckland that the global economy "is in a difficult configuration with growth slowing in the developing world, unprecedented monetary accommodati...

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