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NZ: Q3 GDP rose by 0.3% - Westpac

Michael Gordon, senior economist at Westpac, points out that New Zealand’s GDP rose by 0.3% in the September quarter, less than forecast.

Key Quotes

“The soft September result was partly payback for the 1% gain in June, which benefited from some one-off factors.”

“Revisions to the historic GDP data reveal that the economy has retained more momentum than previously thought, with annual growth running at around 3%.”

“Today’s results don’t alter our near-term outlook for the economy.”

Japan All Industry Activity Index (MoM): 1.9% (October) vs -0.9%

Japan All Industry Activity Index (MoM): 1.9% (October) vs -0.9%
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RBNZ: 25bp cut likely in the Official Cash Rate in November 2019 - ANZ

Sharon Zollner, chief economist at ANZ, suggests that they have changed their OCR call for RBNZ and are now forecasting a 25bp cut in the Official Cas
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