NZ GDP beats expectations, Kiwi unchaged – by fx_ross GDP NZDUSD
The Gross Domestic Product , released by Statistics New Zealand has been released as follows and is better than expected:+6.4% YoY vs. expected +5.5%, prior +0.4%.
Domestically, stubbornly high inflation and near-record low Unemployment support the case for a more aggressive move from the Reserve Bank of New Zealand and today's data could help to support the narrative and the Kiwi. The Gross Domestic Product , released by Statistics New Zealand, highlights the overall economic performance on a quarterly basis. The gauge has a significant influence on the Reserve Bank of New Zealand’s monetary policy decision, in turn affecting the New Zealand dollar.
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