Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
The RBNZ lowered interest rates and signalled further reductions to come, as expected. One key driver of the economic outlook is the Canterbury Rebuild, which has peaked nine months early.
After a shocking drop in global dairy prices and a soft inflation report, it now looks as though the RBNZ is going to have to cut the OCR below 2.5%.
The Greek crisis and the Chinese share plunge have rattled global markets. But it remains to be seen whether these localised issues will have wider implications.
New Zealand's economic imbalances and overseas debt were steadily improving for five years, but it looks as though the imbalances are starting to worsen again.
Chief Economist Dominick Stephens presents economic insights in this bite-sized monthly video updates.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
International dairy prices have continued to fall in a volatile global environment. However, the falling New Zealand dollar provides an important buffer.
Weak returns in the dairy sector might come onto the Reserve Bank's financial stability radar over the year ahead, with important implications for farmers.
We are looking for a farmgate milk price next season of $5.70 per kg - this month's video asks whether this is the new normal. Meanwhile, there is actually quite a divergence in fortunes between New Zealand's main agricultural export products.
It looks as though the summer drought had a less severe impact on the rural economy than initially feared... but as drought fears have subsided, dairy prices have come under renewed downward pressure.
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.