Wednesday, 21st 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.