Changing the official cash rate won’t do much to shift the high New Zealand dollar, new Reserve Bank governor Graeme Wheeler says.
In his first speech as governor this morning, Mr Wheeler cites previous OCR changes and points to minimal impact on the exchange rate.
“The Reserve Bank
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Rob Hosking
Fri, 26 Oct 2012
Fri, 26 Oct 2012
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Why an OCR cut, or printing money, won't work for NZ: Wheeler
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