New Zealand’s confidence hit by global uncertainty will eventually fade as businesses adapt to economic policy unpredictability, says Reserve Bank’s chief economist. Despite ongoing uncertainty, the bank’s decision to cut cash rate by 25 bps to 3.0% encourages businesses to push forward. Tariffs imposed by the U.S. are adding to economic uncertainty, impacting business and consumer confidence. Two out of six board members voted for a 50 bps cut, reflecting differing opinions on economic outlook and inflation.

Read more at Yahoo Finance: NZ business will get used to global uncertainty, RBNZ economist says