The NZIER’s March quarter survey of business opinion signalled that the New Zealand economy is on a steady footing as analysts at Westpac have explained. ”Continuing signs of inflation pressures remain evident and are now showing up more consistently in selling prices. Firms are starting to be more comfortable passing on these costs to consumers. Today’s report reinforces that the economy is on a solid underlying footing. The absence of international tourists has been a drag on activity over summer, but strong demand for hiring and investment highlights the potential for GDP growth over this year. The key area to watch remains inflation. With firming activity and continued supply-side pressures, the near-term risks for inflation are to the upside. However, a sustained return to the RBNZ’s 2% target will be some time away, and continued stimulus will be needed.” Market implications There has been no impact on NZD although markets are braced for the central bank’s interest rates decision and the technicals are compelling ahead of the event: NZD/USD bears seeking a discount from weekly resistance FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets USDCNY reference rate at 6.5454 vs. 6.5578 previous FX Street 2 years The NZIER's March quarter survey of business opinion signalled that the New Zealand economy is on a steady footing as analysts at Westpac have explained. ''Continuing signs of inflation pressures remain evident and are now showing up more consistently in selling prices. Firms are starting to be more comfortable passing on these costs to consumers. Today's report reinforces that the economy is on a solid underlying footing. The absence of international tourists has been a drag on activity over summer, but strong demand for hiring and investment highlights the potential for GDP growth over this year. The key area to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
