Liam Dann: NZ Herald business editor says GDP result makes it more likely the Reserve Bank won't increase rates - Heather du Plessis-Allan Drive

The data is in, and New Zealand is officially into a technical recession.

New figures from Stats NZ show GDP fell 0.1 percent in the March quarter- the second consecutive quarter of negative growth. 

NZ Herald business editor Liam Dann says there could be another bump that puts pressure on the Reserve Bank, but the GDP figure make it likely the bank won't increase rates.

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