Reported 2 days ago
The chief economist of the Reserve Bank of New Zealand, Paul Conway, expressed confidence that New Zealand businesses will eventually adapt to the current global economic uncertainty. He noted that despite ongoing unpredictability in economic policies, businesses will continue to operate. The recent decision to cut the cash rate to 3.0% aims to encourage more proactive business activity, despite challenges such as heightened tariffs impacting consumer and business confidence.
Source: YAHOO