RBNZ's Wheeler: Don't need rapid easing

During a speech in a private event, RBNZ’s Governor Graeme Wheeler said there is no need for rapid easing or policy change.

Key headlines (via Bloomberg):

• Don't see need for no policy change
• Don't need rapid easing
• NZD too high
• Expectations on policy often run ahead of reality
• Low headline inflation could dampen price expectations
• Rapid rate cuts would result in unsustainable growth
• Rapid rate cuts would further inflame property mkt