RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025 ...Middle East

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RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025
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Comments from RBNZ Asst Governor SilkResidential investment, manufacturing, retail trade, construction in New Zealand will start to see more recovery in early 2025.Geopolitical risks pose uncertainty, can have an impact on inflation and growth.Restrictive policy giving confidence nondomestic inflation numbers allowing us to start to accelerate easing cycle Comments from RBNZ chief economist Conway:Have not formally modelled any potential impact from Trump’s potential policies.Expecting 6.8% increase in NZ house prices next yearNot expecting boom in the house prices but expecting more lifeThe Reserve Bank of New Zealand cut rates by 50 basis points at the start of the new trading day . Despit

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