The election may be over, but it will still be some time before we know the make-up of the new government. In the meantime, signs of a slowdown in economic activity are continuing to mount. Consequently, we expect the RBNZ will stand pat this Thursday when it releases its September OCRreview. The election is now over, but it will be some time before we will know the make-up of the new Government. Neither of the two major parties won enough seats to govern alone in Saturday’s election. The incumbent centre-right National Party received 46% of the vote, and the main centre-left opposition Labour party received 37%. ... (full story)