RBNZ Assistant Gov. McDermott: Immigration hasn't contributed to inflation

RBNZ's Assistant Governor John McDermott said during a radio interview that immigration hasn't added to inflation, Bloomberg reports.

Key headlines (via Bloomberg):

• Consumer spending has been constrained
• Business, government also not spending
• Relative to the rest of the world NZ is doing very well
• Concerned housing market is over valued
• Stock market is not a financial stability threat