The economist Henry Russell of ANZ Bank stated that the New Zealand economy in the second quarter is not as weak as some people expected, but the overall momentum is still sluggish. The Reserve Bank of New Zealand still has plans to further cut interest rates, which will not change the monetary policy outlook. However, New Zealand's GDP in the second quarter contracted by 0.2%, better than the market's concern of a contraction of 0.4%. This should dampen the idea of the Reserve Bank of New Zealand potentially cutting interest rates by 50 basis points next time.
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Ngân hàng ANZ: Dữ liệu GDP quý 2 của New Zealand sẽ không ngăn chặn việc cắt giảm lãi suất
The economist Henry Russell of ANZ Bank stated that the New Zealand economy in the second quarter is not as weak as some people expected, but the overall momentum is still sluggish. The Reserve Bank of New Zealand still has plans to further cut interest rates, which will not change the monetary policy outlook. However, New Zealand's GDP in the second quarter contracted by 0.2%, better than the market's concern of a contraction of 0.4%. This should dampen the idea of the Reserve Bank of New Zealand potentially cutting interest rates by 50 basis points next time.