Analysts at TD Securities note that the New Zealand’s December quarter GDP rose by +0.6%/q, matching market expectations, and undershooting the RBNZ’s own projection of +0.8%/q. Key Quotes “The building blocks of GDP (E) were stronger than even we were looking for (TD +1.0%/q). Consumption (+0.8%pts), business investment (+0.2%pts), dwellings (+0.1%pt), net trade (+0.6%pts) and government spending (+0.4%pts) all contributed to quarterly GDP.” “The RBNZ meets Mar 27, and we see no need for Governor Adrian Orr to change his prolonged pause and preferred “wait, watch and worry” stance. TD expects the OCR to remain at 1.75% through to November 2020.” 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 Brexit: DUP continues resisting May’s deal, Merkel offers another summit, GBP/USD remains pressured FX Street 4 years Analysts at TD Securities note that the New Zealand's December quarter GDP rose by +0.6%/q, matching market expectations, and undershooting the RBNZ's own projection of +0.8%/q. Key Quotes "The building blocks of GDP (E) were stronger than even we were looking for (TD +1.0%/q). Consumption (+0.8%pts), business investment (+0.2%pts), dwellings (+0.1%pt), net trade (+0.6%pts) and government spending (+0.4%pts) all contributed to quarterly GDP." "The RBNZ meets Mar 27, and we see no need for Governor Adrian Orr to change his prolonged pause and preferred "wait, watch and worry" stance. TD expects the OCR to remain at 1.75% through to November… 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.
