An economist says the latest GDP figures could signal an end to rising interest rates - at least in the short term.
The figures show the country is in a technical recession, with negative growth of 0.1% over the March quarter, after a fall in GDP in the December quarter of 0.6%.
Stephen Toplis, economist and head of research at the BNZ. describes the economy as flat, with inflation clearly on the way down - making a rate rise in August, when the OCR is next reviewed, unlikely.
He spoke to Corin Dann.
