New Zealand’s economic expansion has entered a more ‘mature’ phase and while GDP growth is not weak, it has slowed from the strong 3.5-4%yr rates seen in recent years as earlier drivers of demand have cooled, according to analysts at Westpac. Key Quotes “We expect a further moderation over the next few years.” “New RBNZ Governor Orr may face a test of resolve with CPI nudging higher this year, although ultimately a sustained return of inflation to the RBNZ’s 2% target mid-point looks elusive and we expect RBNZ on hold until late 2019.” “With NZ economic fundamentals stable but subdued, NZ rates and NZD continue to be driven by broad US moves and the resurgent USD has hurt the NZD.” 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 Bitcoin Cash price analysis: BCH/USD strongly rejects upper supply zone support; bears still plotting moves towards $850 demand zone FX Street 3 years New Zealand's economic expansion has entered a more 'mature' phase and while GDP growth is not weak, it has slowed from the strong 3.5-4%yr rates seen in recent years as earlier drivers of demand have cooled, according to analysts at Westpac. Key Quotes "We expect a further moderation over the next few years." "New RBNZ Governor Orr may face a test of resolve with CPI nudging higher this year, although ultimately a sustained return of inflation to the RBNZ's 2% target mid-point looks elusive and we expect RBNZ on hold until late 2019." "With NZ economic fundamentals stable but subdued,… Top 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.
