Bank of New Zealand Chief Economist Paul Conway spoke on the Bank of New Zealand website to comment on policy prospects. He said, “Reiterating the key message put forward by the Monetary Policy Committee during the monetary policy review last week, tariff increases and uncertainty in global trade policies mean that global and New Zealand economic activity is likely to be weaker than expected. Currently, the potential impact of these changes on New Zealand's inflation is unclear, but the risk balance has turned downward. We also note that once the impact of changes in global trade policy on New Zealand's medium-term inflationary pressure becomes more clear, there is room for the Commission to further lower official cash interest rates as appropriate.”

Bank of New Zealand Chief Economist Paul Conway spoke on the Bank of New Zealand website to comment on policy prospects. He said, “Reiterating the key message put forward by the Monetary Policy Committee during the monetary policy review last week, tariff increases and uncertainty in global trade policies mean that global and New Zealand economic activity is likely to be weaker than expected. Currently, the potential impact of these changes on New Zealand's inflation is unclear, but the risk balance has turned downward. We also note that once the impact of changes in global trade policy on New Zealand's medium-term inflationary pressure becomes more clear, there is room for the Commission to further lower official cash interest rates as appropriate.”