Bank of New Zealand's chief economist Conway said on Tuesday that higher tariffs and uncertainty in global trade policies may cause global and domestic economic activity to be weaker than expected. At this stage, the likely impact on New Zealand's inflation is less clear, but the risk balance has turned downward.

Bank of New Zealand's chief economist Conway said on Tuesday that higher tariffs and uncertainty in global trade policies may cause global and domestic economic activity to be weaker than expected. At this stage, the likely impact on New Zealand's inflation is less clear, but the risk balance has turned downward.