RBNZ to remain on hold for the foreseeable future post-GDP - Westpac

Following the release of stronger growth numbers from the NZ economy published earlier on the day, analysts at Westpac present their afterthoughts on the GDP figures.

Key Points:

Expects the Reserve Bank to remain on hold for the foreseeable future

“The slightly softer starting point for annual growth is balanced against the pick-up in momentum in the September quarter, leaving our outlook for capacity pressures broadly unchanged”