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RBNZ chief economist says tariff uncertainty likely to slow inflation and growth
New Zealand’s policy rate is expected to decline further because of global trade uncertainties, the country’s central bank said today (July 24).
Reserve Bank of New Zealand (RBNZ) chief economist Paul Conway said in a speech that modelling had shown the US’s shift towards protectionism would reduce demand for New Zealand’s exports and lower the costs of imports into the country. This in turn would reduce business investment and household spending in New Zealand.
Conway explained that New Zealand’s
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