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 lifted the OCR to 3.5%, but announced a pause in its hiking cycle. This stop-start approach might throw up opportunities for borrowers to fix their interest rates over the weeks ahead. The RBNZ sent a warning that it might intervene in the foreign exchange market.
Tumbling dairy export prices and relatively benign inflation have raised questions about the RBNZ's strategy. However, we still expect the OCR to rise by 25 basis points next week.
The economy appeared to hit a sweet spot in the early part of this year. But with spare capacity now running out, growth is getting a little harder to come by, and prices are on the rise.
The consumer sector of the Chinese economy is slowing, and that is impacting 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.
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.
The days of ultra-low interest rates and global product prices that can only rise are over.
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.
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.