UPDATE: Westpac NZ's McLean says he's upbeat about NZ economy

Mon, 07 May 2018

(Recasts lead to add context, further explanation from chief executive McLean on outlook for global rates) By Rebecca Howard May 7 (BusinessDesk) - Westpac Banking Corp's New Zealand unit chief executive David McLean remains upbeat about the New Zealand economy and says interest rates may need to rise sooner than expected as global borrowing costs rise. "We are still pretty confident about the economy. We think we will have one of the higher GDP growth rates in the Western world going forward," Westpac NZ chief executive David McLean...

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