US tariffs could reduce global demand for NZ exports, RBNZ says
Chief economist Paul Conway says global growth is expected to be more modest and monetary policy is not ‘set and forget’.
US President Donald Trump extended the deadline to August 1.
Business investment and hiring intentions are under threat locally amid the ongoing uncertainty from US President Donald Trump’s trade tariffs, RBNZ chief economist Paul Conway says.
But he adds that global tariffs could lead to lower import prices paid by New Zealand firms.
Conway presented a
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