New Zealand's central bank chief warns on global protectionism
Reuters
Published Nov 30, 2016 00:55
New Zealand's central bank chief warns on global protectionism
WELLINGTON (Reuters) - Britain's exit from the European Union and the victory of President-elect Donald Trump in the United States has led to a number of uncertainties for global free trade, the Reserve Bank of New Zealand's governor said on Wednesday.
"We're in for a fair bit of a tough ride," he told lawmakers in parliament.
Earlier, the Reserve Bank of New Zealand (RBNZ) released a semi-annual report on the health of the country's banking system in which it highlighted risks in the housing and dairy sectors.
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Written By: Reuters
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