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 Reserve Bank left the OCR on hold at 3.5% this week, but changed its judgements about how economic growth affects inflation. Consequently, the next OCR hike is likely to be delayed until June next year.
This week we put to bed the myth of the "slow" Canterbury rebuild.
Local news and offshore developments both weighed on the New Zealand dollar this week. Fortunately, there are early signs that Chinese export markets are stabilising.
Financial markets have overreacted to the soft-patch in New Zealand's data, creating a great opportunities for borrowers to fix their interest rates.
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.
Dairy and meat prices continue to diverge. Meanwhile, markets have taken their eye off the rate-hike ball, giving borrowers a great opportunity to fix their interest rates.
Milk prices are still under severe downward pressure, but there are signs of stabilisation for logs and the outlook for meat is rosy. The New Zealand dollar is under considerable downward pressure at present.
Prices for many NZ export products are falling amid a Chinese consumer slowdown. The fallout could intensify, although eventually we do expect the Chinese Government will ride to the rescue with stimulus.
Global dairy prices are falling, but a broader assessment of rural prospects is more mixed.
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.