Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
An avalanche of economic news on Wednesday this week alters our impression of what is going on... but doesn't really clarify the picture.
The RBNZ has affirmed that it may have to reduce the OCR this year. The only remaining uncertainty is when. We are starting to think that they could move as soon as March.
The latest developments strongly support our long-held view that the Reserve Bank will have to reduce the OCR below 2.5% in 2016.
New Zealanders have started the year cheerily, but the global economic backdrop suggests the mood might sour.
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.
The outlooks for New Zealand's primary industries are quite divergent, depending on each industry's exposure to struggling developing countries versus the go-ahead rich world.
These are not great times to be an exporter of commodities. But at least the low exchange rate is helping many exporters. And the New Zealand dollar may fall even further in the months ahead.
The dairy price rollercoaster continues, with markets seemingly unconvinced by either the extent of drought risks or predictions of a Chinese baby boom.
Dairy farmers' fortunes have improved dramatically in the last month. But we question whether the fundamentals of the global dairy market have really changed all that much.
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.