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Rate cut unlikely to come in wake of strong GDP figures

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 19 Jun 2025, 12:10pm
Photo / File
Photo / File

Rate cut unlikely to come in wake of strong GDP figures

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 19 Jun 2025, 12:10pm

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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