We learnt quite a few things, yesterday, from the new Reserve Bank governor Graeme Wheeler when he made his first Monetary Policy Statement. He provided good insight into things such as house prices, tools the bank may use to manage the economy and whether he is a renter or home-owner.
Wheeler revealed that the central bank was working with The Treasury on a new set of tools to deal with asset bubbles when they happen and this was put in front of Finance Minister Bill English earlier this week.
There appears to be no change to the OCR (either way) on the horizon.
To illustrate that check out the 90 day bank bill rate forecasts here
