Wheeler’s surprise move at odds with the way he was talking a few weeks ago

Has Reserve Bank Governor Graeme Wheeler seen the light on deflation risk? Or has he bluffed the market to get maximum bang for his buck with this latest rate cut?

For someone who had indicated a reluctance to cut as recently as a speech in Christchurch on February 3, he certainly made a big splash yesterday – surprising markets and pushing the dollar down sharply.

READ MORE:

Reserve Bank surprises, cuts rates to 2.25pc
Dollar tumbles after surprise OCR cut
Liam Dann: Confused about where rates are going? You should be

RB

VIA: NZ HERALD

 

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