18 Dec 2014
New Zealand GDP implications? - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that there are no monetary implications over New Zealand’s recent GDP release.
Key Quotes:
“Q3 GDP jumped +1.0%/qtr, beyond the already optimistic RBNZ f/c of +0.9%/qtr”.
“However, historical revisions saw 2013 GDP growth revised down from 2.8% to 2.2%”.
“There is some downside to our 2014 forecast of 3.5% and upside to 2.7% for 2015 due to these revisions. No monetary policy implications”.
Key Quotes:
“Q3 GDP jumped +1.0%/qtr, beyond the already optimistic RBNZ f/c of +0.9%/qtr”.
“However, historical revisions saw 2013 GDP growth revised down from 2.8% to 2.2%”.
“There is some downside to our 2014 forecast of 3.5% and upside to 2.7% for 2015 due to these revisions. No monetary policy implications”.