Moody’s on New Zealand: Expect real GDP growth around 3% through 2017 and 2018

US ratings agency Moody’s out with a note on NZ 25 May
– expectations above the AAA median of 2%
– expects NZ gross govt debt at 28% of GDP vby 2018, significantly lower than most AAA-rated sovereigns
NZDUSD currently underpinned still at 0.7048 near session highs but failing to advance through 0.7060 for the time being.