Lates News

The GDP data for the first quarter of 2025 in New Zealand shows that the country's economic growth at the beginning of the year is stronger than the Reserve Bank of New Zealand's previous expectations. ANZ economist Matthew Galt stated that this increases the possibility of the central bank pausing its easing cycle in July, which is also largely the market's view. However, there is still a large amount of spare capacity in the New Zealand economy, which is putting a lid on core inflation. A strong period of growth will be needed for the economy to recover to normal levels. He mentioned that there are significant risks of a slowdown in economic growth in the second quarter.