RBNZ comfortable with economic projections as housing, Trump weigh on outlook

Wed, 01 Mar 2017

By Paul McBeth March 2 (BusinessDesk) - The Reserve Bank is comfortable with economic projections underpinning its bias to keep the official cash rate on hold until the middle of 2019, although the local housing market and US President Donald Trump's trade ambitions could throw a spanner in the works, governor Graeme Wheeler says. Speaking to a Craigs Investment Partners' investor day in Auckland, Wheeler reiterated the risks to the central bank's outlook outlined in the first policy review of the year in February. New Zealand's economy...

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