New Zealand’s economy has exited recession, GDP grows 0.7% q/q

New Zealand economic growth data from Q4 2024.

NZD/USD is a little higher in the wake of the data, around 0.5820.

The Reserve Bank of New Zealand has cut its cash rate target at the last three meetings, by 50bp each time. The RBNZ does tend to move quickly when it deems necessary. Some might say that 3* 50bp rate cuts in a row is indicative of Bank that hiked too far. Comments welcome!

This article was written by Eamonn Sheridan at www.forexlive.com.