The Bank of New Zealand said in a statement on Wednesday: “Although global economic growth has shown resilience, it is becoming increasingly vulnerable due to geopolitical tension, high energy prices, financial pressure, and a surge in AI-related investments. New Zealand's recovery may be stronger than expected, but if the global environment deteriorates or export growth fails to translate into employment, income, and household expenses, it may lose momentum.” “All members of the committee agreed on the overall outlook for inflation, but there were differences on the weight of the various risks and the timing of monetary policy responses. The committee agreed that monetary policy may need to be tightened, but this still depends on the economic outlook.”

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