GDP figures just out are stronger than economists had forecast
GDP figures just out are stronger than economists had forecast
19 June 2025
Stats NZ says New Zealand's gross domestic product grew 0.8 percent in the March quarter - overtaking predictions of 0.7 percent.
It follows a 0.5 percent increase the quarter before.
Herald Business Editor-at-Large Liam Dann says it could mean the OCR won't get another cut next month.
He says it raises the odds the Reserve Bank will keep things on hold.
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