Bite-sized video updates on the New Zealand economy and markets.
Inflation has picked up, and we expect that it will remain around 2% through 2017. Nevertheless, we continue to expect that the RBNZ will only raise the OCR gradually.
Inflation is set to reach the 2% target sooner than the Reserve Bank expected. But some of the lift in inflation this year is likely to be temporary, and there is little sign that the New Zealand economy is at risk of overheating.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
International markets have been fairly directionless in the last month, as optimism about the Trump administration’s stimulus plans has hit a snag.
Dairy prices have slide since the start of the year, as milk production in New Zealand, Europe and the US has exceeded forecasts.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.