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BBG have run some comments from RBNZ Deputy....>

RBNZ
RBNZ: BBG have run some comments from RBNZ Deputy Governor Bascand.
- Bascand has noted that the RBNZ is watching data and budget matters to assess
if a second OCR cut is required. Bascand also noted that New Zealand needs 3%
GDP growth to allow the RBNZ to meet its inflation target, it is currently
growing at sub potential levels i.e. <2.8%. Bascand has noted that "nobody is
talking gloom" and that the NZ economy is still healthy.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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