Today's GDP figures could be changing minds at the Reserve Bank
Today's GDP figures could be changing minds at the Reserve Bank
14 December 2023
GDP fell 0.3 percent in the three months to September.
It was a result much worse than most economists predicted.
It follows a revised 0.5 percent jump in the quarter to June which was originally reported as a 0.9 percent increase.
Herald Business Editor at Large Liam Dann says it will factor into the OCR decision, and likely mean there'll be no more talk of a further hike.
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