NZ: GDP numbers were better than expected - BBH

In view of analysts at BBH, New Zealand’s Q3 GDP numbers published yesterday were better than expected as the economy grew 2.7% y/y vs. 2.4% expected. 

Key Quotes

“Furthermore, Q2 growth was revised to 2.8% from 2.5% previously.  The RBNZ doesn’t meet again until February.  A lot can still happen between now and then, and so we downplay the policy implications of the GDP data.”