Higher-than-expected GDP growth isn't expected to translate to higher interest rates

Latest data shows the economy grew 1.1 percent in the September quarter - well above what the central bank had been forecasting.

That's expected to be followed by more strong growth in the current December quarter.

ASB Chief Economist Nick Tuffley says the central bank isn't likely to raise the OCR any time soon, but last month's cut will probably be the last of the current cycle.