Bite-sized video updates on the New Zealand economy and markets.
Trends in migration have played a significant role in shaping the New Zealand economy in recent times. The latest evidence supports our view that the net inflow will slow in coming years.
The domestic economy remained in good stead over the June quarter, with gains in retail spending and employment. Meanwhile, a bounce in dairy prices has provided grounds for cautious optimism.
The Reserve Bank has reduced the OCR to 2% and signalled that it is likely to go even lower. Persistently low inflation remains the paramount concern.
The Reserve Bank has already given a strong signal that it intends to cut the OCR at next week’s review. The persistent strength of the New Zealand dollar suggests that the OCR will need to head to below 2% this year.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
This month we spotlight the horticulture sector, noting the drivers of its recent success and the challenges it faces in coming years.
This month we take a quick look at what the UK referendum on exiting the European Union might mean for New Zealand farmers.
The past month has seen some relief from relentlessly low global commodity prices, supporting our view that Fonterra's opening forecast for this season's farmgate milk price was too pessimistic.
Global commodity prices and the exchange rate have been more stable over the past month, but rural NZ is still enduring adverse conditions. That said, regional economies are not feeling the pinch like you might have expected.
Global economic sentiment has improved over the past month, but that is not translating into much joy for New Zealand's key exporters.
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.