The Wheeler letter

croaking cassandra

(I’ve had to spend much of the day at the Reserve Bank, in a meeting chaired by one of their Board members, attended by one Deputy Governor, and where the Governor himself just might turn up – he’s a member, but will no doubt find himself too busy on the day and send an alternate.  In the interests of that meeting –  which will be contentious enough anyway just on its own subject matter – this post is pre-scheduled to appear when I’ve got out of the building.)

On Monday, the Reserve Bank posted the full text of the Governor’s letter to BNZ CEO Anthony Healy, and of Healy’s initial reply to the Governor.  Valuable as Paul McBeth’s initial article in NBR was, it is always worth reading the full text of such documents if one can.    Some of this ground was already covered in my post on…

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