The data outpaced expectations and shows broad growth in a number of areas over the three-month period.
Today’s Governor appointment follows months of upheaval and uncertainty at the RBNZ after Adrian Orr’s shock departure in March.
Breman currently serves as the First Deputy Governor of Sweden’s central bank.
Interim governor Christian Hawkesby could miss out on the role, according to media reports today which says it is due to go to a woman.
Former IMF deputy director Michael Keen gives New Zealand’s tax system a robust tick of approval, while pondering future GST tinkering.
GDP data came in far weaker than expected in the June quarter, but hopes are for a return to growth in the current quarter.
The economy went backwards over the three-month period, in a much deeper contraction than expected.
Ahead of GDP data next week, economists reckon the economy went backwards, but there’s no technical recession on the horizon.
A new permanent governor to replace Adrian Orr is expected in the coming weeks, while a new board chair also needs to be found.
Quigley was on the board for 15 years and spent nine years as chair.