Bite-sized video updates on the New Zealand economy and markets.
The Reserve Bank expects to keep the cash rate unchanged for some time. Inflation has picked up, but it looks increasingly likely that it will drop back again, at least temporarily, next year.
GDP growth was a bit softer than expected in the early part of 2017, reinforcing expectations that the RBNZ will keep the Offical Cash Rate on hold for some time. Looking ahead, we expect economic activity will expand by 3% over 2017 as a whole.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
A cyclical improvement in dairy prices has eased the pressure on the dairy sector. But a strengthening of balance sheets is needed to prepare the industry for the next downturn.
Dairy prices have improved further in the last month. But fears of a more protectionist US Administration briefly came to the fore.
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