There are troubles with capturing some productivity gains in statistics, points out Reserve Bank deputy governor Geoff Bascand.
Strange behaviour by the Reserve Bank.
His own role as head of financial stability is being filled by Geoff Bascand.
Flat productivity over the same period has meant wages haven't kept pace.
Kiwibank said that the RBNZ has issued a non-objection letter about the bonds after the lender made changes to address the central bank's concerns.
"Monetary policy will remain accommodative for a considerable period," Wheeler said in a statement.
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