ASB Economic Update: Weak NZ Growth to Keep RBNZ Comfortably on Hold

ASB Economic Update: Weak NZ Growth to Keep RBNZ Comfortably on Hold

There has been a NZ GDP growth sub-trend for two consecutive quarters, weaker than the RBNZ expected.
RBNZ to retain a neutral bias at this week’s OCR review, but tweak NZD language due to the higher TWI.
Federal Reserve hikes rates but weak wage growth is coming under closer scrutiny.

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