Trump's trade position potentially 'significant' for New Zealand, RBNZ's Wheeler says

Thu, 10 Nov 2016

By Paul McBeth Nov. 10 (BusinessDesk) - US President-elect Donald Trump's stance on trade in a world where countries are putting up more barriers could be serious for New Zealand, says Reserve Bank governor Graeme Wheeler. The RBNZ reviewed its decision to cut the official cash rate a quarter-point after Trump's unexpected win and the Republican Party's victory in the Senate and House of Representatives overnight, ultimately deciding to go ahead with the move. Wheeler told Parliament's finance and expenditure committee that long-term int...

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