While today’s Q3 GDP was not quite the smoking gun it appeared to be – and was not strong cause for us to change our view on the economy, the OCR and the NZD – it won’t be too long before the genuine GDP acceleration we envisage will be putting a lot of pressure on the Bank to taper its OCR stimulus with short shrift. 2014 promises to be an action-packed year.
Read the full report: Economic Research
BNZ