All eyes on the Reserve Bank - as New Zealand's economy shrinks in its second quarter
All eyes on the Reserve Bank - as New Zealand's economy shrinks in its second quarter
19 September 2024
Stats NZ says GDP contracted 0.2 percent in the three months to June.
It's also revised the March quarter figures, showing the economy grew just 0.1 percent - not the 0.2 earlier announced.
Kiwibank economist, Jarrod Kerr, thinks Official Cash Rate cuts should now speed up.
He says the harder and faster the cuts come, the better.
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