RBNZ says prior cuts still support growth, sees upside if conflict eases

RBNZ’s comments reinforce a hold bias with conditional upside to growth if geopolitics ease. NZD remains sensitive to oil and risk sentiment, while rate expectations stay dependent on whether supply-driven inflation proves persistent. RBNZ says growth hinges on conflict outcome as prior cuts still support economySummary:Breman says rate cuts still providing economic stimulus Growth outlook tied to Middle… RBNZ says growth hinges on conflict outcome as prior cuts still support economy . Summary: . Breman says rate cuts still providing economic stimulus Growth outlook tied to Middle East conflict reso... RBNZ says growth hinges on conflict outcome as prior cuts still support economy Summary: Breman says rate cuts still providing economic stimulus Growth outlook tied to Middle East conflict resolution Swift ceasefire could support stronger growth this year Earlier data showed improving momentum pre-conflict March stable, April likely softer Supply disruptions key uncertainty alongside oil prices RBNZ held rates at 2.25% for second meeting Central bank assessing global fallout before… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.