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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.

Graeme Wheeler.

Photographer: Mark Coote/Bloomberg

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.”