RBNZ's Conway: Inflation risks have shifted toward the downside
Source Fxstreet
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway noted early Tuesday that inflation risks are continuing to rise.
Key highlights
Likely impacts on inflation in New Zealand more ambiguous, but balance of risks shifted to the downside.
Tariff uncertainty means growth likely weaker.
Inflation balance of risks shifted to downside.
Potential to reduce rates more once impacts are clearer.
RBNZ to provide GDP nowcast on official website, updated weekly.
Hopefully what President Trump put out on tariffs before the pause is worst case scenario.
Enhancing global macro model for trade disruption.
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