RBNZ's Wheeler: Additional stimulus not needed at this stage

RBNZ Gvernor Wheeler is delivering a press conference and Q&A session, noting that additional stimulus not needed at this stage, adding that one further cut is built into interest rate projections, but that could change.

Headlines

- Not much has changed since our previous OCR decision

- You could end up with no cut or more cuts

- The economy is likely growing 2.5-3.0%

- Inflation expectations seem to have stabilized