Reserve Bank of New Zealand media confernce following its third consecutive 50bp rate cut.
More:
- 3.75% is the high end of the range of neutral rates
- Could see faster GDP growth in New Zealand if confidence returns
- Longer term risks include US tariffs, which slow global growth
- Among near term risks is slower growth
Earlier from NZ:
- RBNZ cuts cash rate by 50bp vs. 50bp expected
- NZD/USD lower after the as expected 50bp rate cut from the Reserve Bank of New Zealand
