RBNZ's Conway: Inflation risks have shifted toward the downside

Joshua Gibson 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.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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