New Zealand Finance Minister: RBNZ has room to move on rates

New Zealand Finance Minister has crossed the wires and said that the  Reserve Bank of New Zealand has room to move on rates.

• Banks should pass on any RBNZ rate cuts.
• Economy may not grow much in first half.
• Unconventional monpol unlikely in near term.
• Broadly ok with current level of the Kiwi dollar.

More to come...