RBNZ assistant governor silk: China’s low domestic consumption is a key issue

RBNZ assistant governor Silk:

• China’s low domestic consumption is a key issue for us in an increasing tariff environment

Reserve Bank of New Zealand officials are appearing in parliament, earlier:

• Reserve Bank of New Zealand Governor Hawkesby sees near term growth headwinds

Yesterday the Bank cut its cash rate again, and provided cautious guidance:

• RBNZ Gov. Hawkesby says decision to hold a rate vote was a healthy sign
• NZD/USD bouncing after the expected RBNZ 25bp cash rate cut
• RBNZ cuts cash rate by 25bp vs. 25bp expected

RBNZ assistant governor Silk