Development West Coast was pleased to host two events on Thursday 8 December 2016 in Greymouth and Westport with guest speaker, Graeme Wheeler, Governor of the Reserve Bank of New Zealand.

Over 120 people attended the Greymouth event at Shantytown and a further 25 at the EPIC Centre in Westport to hear Mr Wheeler give an insight into the Reserve Bank’s current view on New Zealand’s economic position and how that sits in the global context, followed by a Q&A session.

Particularly interesting for the guests was Mr Wheeler’s explanations on the various financial cycles that the New Zealand economy has gone through, from the oil crisis in the 70’s to the Global Financial Crisis of 2008. Mr Wheeler also discussed the rationale behind the bank’s move on the housing market.

As Governor, this is Mr Wheeler’s second visit to the West Coast where he has provided valuable insights and information about the direction of the national economy, and how the West Coast’s industry contributes to that. In 2015, Mr Wheeler was unable to visit the West Coast and was replaced by the Deputy Governor, Mr Grant Spencer.

2016 12 08ReserveBankGovernor

Reserve Bank Governor, Graeme Wheeler with DWC Chair
John Sturgeon and CEO Chris Mackenzie.