Reserve Bank of New Zealand Governor Hawkesby sees near term growth headwinds ...Middle East

See near term growth headwindsThere's weaker demand and weaker inflation pressures than there were in FebruaryThere are a lot of different ways that this could play out from hereThere is uncertinaty around where those tariffs will land, they could be very different

Reserve Bank of New Zealand Chief Economist Conway

Probably a little more pessimistic on New Zealand's medium-term productivity performanceInflation expectations have nudged up across the board, which is not ideal

Forecasting a modest increase in house prices due to rate cutsNew Zealand house prices at the top end of our sustainable house price range

NZD/USD is barely moving.

Yesterday the RBNZ cut its cash rate again:

RBNZ Gov. Hawkesby says decision to hold a rate vote was a healthy signNZD/USD bouncing after the expected RBNZ 25bp cash rate cutRBNZ cuts cash rate by 25bp vs. 25bp expected This article was written by Eamonn Sheridan at www.forexlive.com.

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