New RBNZ head backs inflation goal

The Reserve Bank of New Zealand is focused on keeping inflation in check and the financial system healthy, prerequisites for a stronger economy, the central bank’s new governor said on Friday as he doused expectations of measures to lower the currency.

Graeme Wheeler made the comments in his first public speech as governor, a day after the central bank held the official cash rate (OCR) at a record-low 2.5 per cent.

via Business feed http://www.scmp.com/business/economy/article/1070201/new-rbnz-head-backs-inflation-goal