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The global growth remains solid but rising trade tensions are a threat, New Zealand Treasury said in its report on  economic indicators for August.  

Key quotes (source:

  • Solid retail sales growth to underpin  private consumption growth in the June quarter.  
  • RBNZ left the OCR at 1.75% in August and forecast no change until 2020.
  • Less support for growth from easing net migration inflows and declining commodity prices.