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.