RBNZ's Wheeler Complains to Bank CEO About Economic Commentary
- BNZ appeared to bring RBNZ’s integrity into question: Wheeler
- ‘I would like you to be aware of our serious concerns’
Graeme Wheeler.
Photographer: Mark Coote/BloombergThis article is for subscribers only.
New Zealand central bank chief Graeme Wheeler complained to the head of one of the nation’s largest banks about an economic commentary written by its research department.
In a letter to Bank of New Zealand Chief Executive Officer Anthony Healy dated May 11, Wheeler said the BNZ’s Markets Outlook note of May 8 “appeared to bring into question the integrity of the Reserve Bank.”