RBNZ’s Silk anufacturing, retail, construction will start to see recovery in 2025

Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said on Thursday that residential investment, manufacturing, retail trade and construction in New Zealand will start to see more recovery in early 2025. 

Key quotes

Residential investment, manufacturing, retail trade, construction in New Zealand will start to see more recovery in early 2025. Geopolitical risks pose uncertainty and can have an impact on inflation and growth. Restrictive policy gives confidence in nondomestic inflation numbers allowing us to start to accelerate the easing cycle.