新西兰联储称关税不确定性打击企业与消费者信心

Group 1 - The Reserve Bank of New Zealand (RBNZ) has lowered the official cash rate (OCR) by 25 basis points to 3.00%, marking the lowest level in nearly three years, as part of a cumulative reduction of 250 basis points since August 2024, aimed at stimulating domestic demand and inflation expectations [1][2] - RBNZ Deputy Governor Christian Hawkesby noted that the transmission of monetary policy to domestic demand has been slower than expected, partly due to ongoing global tariff uncertainties impacting business and consumer confidence [1][2] - The increase in global trade barriers, particularly the U.S. tariffs, has had a significant negative effect on global demand, which in turn affects New Zealand's highly export-oriented economy [1][2] Group 2 - Despite New Zealand not facing the most severe tariff impacts, the 15% tariff on New Zealand exports, higher than the initially proposed 10%, still has profound effects on business and consumer decisions [2] - The overall decline in global economic growth is a more pressing concern for RBNZ than the specific tariff rates, as it leads to decreased investment and consumer spending [2] - Business confidence and consumer spending in New Zealand have remained low since May, with the business confidence index consistently in contraction territory, which has delayed the transmission of the rate cuts to the real economy [2]