RBNZ's geopolitical concerns now 'extensive' as Trump faces battle on the Hill

Thu, 23 Mar 2017

By Paul McBeth March 23 (BusinessDesk) - The Reserve Bank's concerns about geopolitical uncertainties have been upgraded to "extensive" at a time when US President Donald Trump is facing a tougher battle in winning over legislators to enact his regulatory and tax reforms and introduce major infrastructure spending. New Zealand's RBNZ governor Graeme Wheeler today kept the official cash rate at 1.75 percent and indicated he won't be budging any time soon, provided the global environment doesn't change. Wheeler has previously aired concern...

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