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Liam Dann: NZ Herald Business Editor on the GDP rising by 0.8%
Published 1 year ago
Description
GDP figures just out are stronger than economists had forecast.
Stats NZ says New Zealand's gross domestic product grew 0.8% in the March quarter – overtaking predictions of 0.7%.
It follows a 0.5% increase the quarter before.
Herald Business Editor-at-Large Liam Dann told Kerre Woodham 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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