News: RBNZ governor Wheeler says U.S. protectionism greatest source of uncertainty

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    WELLINGTON, March 2 (Reuters) - The Reserve Bank of New Zealand said on Thursday risks around future interest rate movements were equally weighted, but that the largest risk was U.S. President Donald Trump's protectionism.

    "The greatest source of uncertainty relates to the U.S. Administration policies in respect to its ‘America first’ policy platform," Governor Graeme Wheeler said in a speech, the text of which was posted on the bank's website.

    The RBNZ last month held the official cash rate steady at record lows of 1.75 percent and flagged it could remain there for two years or more.

 
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