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 high exchange rate and surprisingly low food price inflation might affect the RBNZ's longer-run plans, but we still expect they will hike the OCR next week.
Firms remain hugely optimistic about the near-term prospects for the economy. A growing number of them are aiming to raise their prices too, though we expect annual inflation to hold steady for now.
The exchange rate is rising at the same time as global milk prices are falling... the RBNZ may be reconsidering how high interest rates need to go over the next two years.
The economic upturn has now spread to all regions of New Zealand.
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.
Milk prices have fallen fast in the past month, backing our view that next year's dairy payout will be well below this year's.
The current dairy season is shaping up as a record breaker. Meanwhile the RBNZ is poised to start raising interest rates soon.
The current boom in global prices for many New Zealand export products is fundamentally different to the 2007/08 episode, and is likely to prove longer-lasting.
Farmers are experiencing great returns, but rising interest rates will be a thorn in the side next year.
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.