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VIEW: ANZ: Strong Starting Point, But About To Get Noisy

RBNZ

ANZ note that "very noisy headline GDP data means we'll have to go elsewhere to gauge the underlying health of the economy over coming quarters. And just like the recovery to date, the experience won't be the same for everyone. Targeted fiscal support is needed. Getting on top of Delta is the first hurdle. Then we'll need to assess if there are any lasting hits to confidence, labour market tightness, household incomes and the generally solid domestic demand pulse. So far so good, and so far all on track towards OCR hikes in October."

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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