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New Zealand's RBNZ may cut interest rates sooner if US Fed eases, says Chief Economist Paul Conway.
New Zealand's central bank, RBNZ, may cut interest rates sooner than expected if the US Federal Reserve eases later this year, according to Chief Economist Paul Conway.
He stated that if the Fed cuts rates while RBNZ doesn't, the exchange rate would appreciate, leading to decreased inflationary pressure and possibly prompting a faster rate cut.
RBNZ currently projects no rate reductions until 2025.
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El Banco de Nueva Zelanda de Nueva Zelanda podría recortar las tasas de interés antes si la Reserva Federal de Estados Unidos las flexibiliza, dice el economista jefe Paul Conway.