New Zealand c.bank official says Trump economic policies 'very much manageable'
Recasts throughout with comments on impacts from Trump's policies
By Renju Jose
Nov 7 (Reuters) -A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policy proposals could spur inflation and instigate trade wars, but global central banks would be able to effectively manage such scenarios.
Trump will retake the White House with ambitious plans for broad import tariffs and additional tax cuts that analysts see delivering a short-term boost to the U.S. economy, but also higher inflation and larger budget deficits.
He aims to kick the aggressive trade agenda from his first term into higher gear with across-the-board 10% tariffs on imported goods and even higher levies on imports from China.
"We think on the margin (with Trump's policies) that's a higher inflation package than the alternative but one that's very much manageable in the world of operationally independent central banks," Reserve Bank of New Zealand Deputy Governor Christian Hawkesby told a parliamentary committee.
"There are risk scenarios around (trade) and all that relies on with the tit-for-tat escalation: who does what and the response, and whether things sort of broaden out from there," Hawkesby says.
In its semi-annual Financial Stability Report released on Tuesday, the RBNZ said the potential impacts from geopolitical risks must not be underestimated and acknowledged it as a key risk to New Zealand's economy, which heavily relies on trade.
The report also painted a bleak domestic economic picture, citing rising unemployment and delayed business investment plans due to financial hardships.
Hawkesby said New Zealand's economy was facing challenges and unemployment could rise even further. But he added inflationary pressures have been easing and declining interest rates could help lift the economy from recession.
New Zealand's jobless rate rose to a near four-year high in the September quarter, data showed on Wednesday, as employment dropped by the most since 2020, cementing market wagers that another outsized interest rate cut will be delivered later this month.
Reporting by Renju Jose in Sydney; Editing by Leslie Adler and Jamie Freed
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
