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

Jonathan Underhill
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

Markets
BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Technology
Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.