NZ Q1 current account balance (actual) -NZ$1.008B
NZ Q1 seasonally adjusted current account -NZ$4.552B
NZ year to March current account -NZ$16.3B / -3.6% of GDP.
The sharp narrowing in NZ deficit will offer the RBNZ some modest comfort on external balance pressures.
I'll have more to come on this separately
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