新西兰FinMin Willis：如果需要，新西兰储备银行有足够的空间降低利率。新西兰FinMin Willis：如果需要，新西兰储备银行有足够的空间降低利率

NZ FinMin Willis: RBNZ has ample room to lower interest rates if needed.NZ FinMin Willis: RBNZ has ample room to lower interest rates if needed

周四，新西兰元稳定在0.56美元左右，较前一交易日上涨近2%，交易员评估了美中紧张局势加剧的风险。虽然新西兰与美国的直接贸易很少，但其经济对全球贸易的波动高度敏感，特别是与该国最大的出口市场中国的贸易。中国的通货紧缩压力也加剧了，3月份消费者价格再次下跌，生产者通货紧缩仍在继续。在国内，新西兰储备银行最近将其官方现金利率下调了25个基点，至预期的3.5%，理由是通货膨胀持续下降和国内经济状况疲软。这一决定也受到全球贸易壁垒对新西兰经济下行风险的影响。因此，投资者几乎完全预料到央行将在5月份再降息25个基点的可能性，预计到年底利率将降至2.75%或更低。

The New Zealand dollar steady around $0.56 on Thursday, following a nearly 2% gain from the previous session, as traders assessed risk from rising US-China tensions. While New Zealand has minimal direct trade with the US, its economy is highly sensitive to fluctuations in global trade, particularly with China, the country’s largest export market. Deflationary pressures also intensified in China, with consumer prices falling again in March and producer deflation continuing. Domestically, the RBNZ recently cut its official cash rate by 25bps to 3.5% as expected, citing a continued decline in inflation and weakening domestic economic conditions. The decision was also influenced by downside risks to New Zealand’s economy from global trade barriers. As a result, investors are almost fully pricing in the likelihood that the central bank will cut rates by another quarter point in May, with rates expected to fall to 2.75% or lower by year-end.

新西兰股市周四早盘上涨451点，涨幅3.8%，至12258点，从前一交易日的下跌中反弹。在美国总统特朗普宣布暂停对所有国家（不包括中国）征收90天互惠关税以进行贸易谈判后，华尔街强劲领先，随后出现反弹。周三生效的互惠关税立即降至10%，而对中国的征税提高了125%。在当地，正如预期的那样，新西兰储备银行将其官方现金利率下调25个基点至3.5%，并表示在全球不确定性上升导致的经济增长和通胀下行风险下，有进一步下调的空间。几乎所有行业都对反弹做出了贡献，其中生产者制造业、消费者和金融业涨幅最大。由于通货紧缩风险挥之不去，在中国3月份CPI和PPI数据将于今天晚些时候公布之前，谨慎的态度限制了进一步的进展。涨幅居前的包括Mainfreight有限公司（9.8%）、Infratil td（6.1%）和A2 Milk Co.（5.7%）。

Shares in New Zealand jumped 451 points or 3.8% to 12,258 in Thursday morning trade, rebounding from losses in the prior session. The rally followed a strong lead from Wall Street after U.S. President Trump announced a 90-day suspension of reciprocal tariffs for all countries—excluding China—to allow for trade talks. The reciprocal tariffs that took effect Wednesday were immediately reduced to 10%, while levies on China were raised by 125%. Locally, the RBNZ cut its official cash rate by 25bps to 3.5%, as expected, and signaled room for further reductions amid downside risks to economic growth and inflation stemming from rising global uncertainty. Nearly all sectors contributed to the rally, with the strongest gains in producer manufacturing, consumers, and financials. Further advances were capped by caution ahead of China’s March CPI and PPI data due later today, as deflation risks linger. Top gainers included Mainfreight Ltd. (9.8%), Infratil td. (6.1%), and A2 Milk Co. (5.7%).

RBNZ按预期降息——德国商业银行。正如预期的那样，新西兰储备银行今天上午将关键利率下调25个基点至3.5%。新西兰储备银行最近大幅降息，每次降息50个基点，正如预期的那样，降息速度有所放缓。

RBNZ cuts rates as expected – Commerzbank.As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.