Strong GDP data didn't spark calls for RBNZ rate hikes

RBNZ Governor Anna Breman sought to talk the market down this week, (Image: NZME)

Thu, 18 Dec 2025

The economy grew by a stronger-than-expected 1.1% in the September quarter but didn't spark calls for earlier rate hikes. For one thing, Governor Anna Breman this week sought to talk the market down after financial conditions tightened in the wake of the November monetary policy statement.According to Breman, conditions had tightened beyond what its central forecast implied.The RBNZ cut rates by 25 basis points to 2.25% and surprised markets by signalling the easing cycle was over.She reiterated - prior to Thursday's data - that th...

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