RBNZ's Wheeler: Lack of inflation pressure main reason for keeping neutral stance

RBNZ's Governor Graeme Wheeler is on the wires, via Reuters, noting that the central bank doesn't "hold that view" of inflation pressures ramping up quickly.

Key headlines (via Reuters):

• "We haven't seen an acceleration of wage inflation" in New Zealand
• Says non-tradeables inflation rising "only slowly"
• We're not seeing a building in inflation pressures that some other commentators are seeing
• We are neutral on monetary policy, expect OCR to remain at current level for "foreseeable future"