- Says NZD unsustainable at current levels -
Says economy adjusting to previous rate rises, economy seen growing at 3.7% in 2014 -
Says speed, extent of hikes to depend on assessment of tightening to date -
Says inflation moderate, wages subdued, house price inflation slowing -
Says latest move will help keep inflation near 2% -
Strong immigration gains fueled housing demand -
Economy appears to be adjusting to tightening -
Growth among trading partners looks to have eased in H1, but may be temporary -
Says inflation is moderate, but strong output growth taking up spare capacity -
Potential for significant falls in NZD