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

Wednesday, 21^st June, 2017

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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