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RBNZ Wheeler: Kiwi overvalued, rates still low

FXStreet (Bali) - RBNZ Governor Wheeler is appearing before a parliamentary committee, reiterating that NZ dollar is still overvalued.

Additional comments

Pleased NZD has fallen

Reiterates NZD level is unsustainable and unjustified

Says interest rates still at a low level

Interest rates still stimulating economy

Rates would have risen more without loan limits

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