17.09.2015 - The New Zealand’s economy grew by 0.4% in the second quarter

Statistics on GDP growth of New Zealand could not lead to a strong price movement. Thus, for the second quarter, the economy grew by 0.4%, which is two times better than the previous figure, and 0.1% worse than expected. Support for the country's economy has been the growth in the service sector and the primary sector. Investor activity is constrained by the expectation of today's Fed statement on monetary policy. We expect the price drop the New Zealand dollar because of the forecast of easing of the monetary policy of the Reserve Bank of New Zealand in the medium term.

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