New Zealand April to June economic growth has come in at a beat:
+1.0% q/q
- expected 0.8% q/q, prior 0.5%
2.8% y/y
- expected 2.5% y/y, prior 2.6%, revised from 2.7%
The RBNZ projection was for around 0.5%, so this is a big beat on what they were expecting also
NZD is higher:
Anyone remember Tuesday and the NZ PM Ardern with an inadvertent slip?
Which was immediately walked back by an official
She shoulda done a Trump and owned it ….