RBNZ’s Breman: New Zealand could see stronger growth if Middle East conflict ends soon
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said that domestic economy could see stronger growth this year if there was a swift resolution to the conflict in the Middle East, Reuters reported on Thursday. She added that the previous rate cuts were still providing some stimulus.
"The difficult issue now is to know how long this conflict will last and how big the consequences will be because it's also supply disruptions," said Breman.
Market reaction
At the press time, the NZD/USD pair is up 0.13% on the day to trade at 0.5830.
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