Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
There are good reasons for the NZD/AUD exchange rate to be at record highs.
New Zealand consumers are in fine form, food and fuel prices are nudging higher again, and dairy prices are rising in response to drought.
House sales fell sharply in January - was this a rouge number or the start of a housing market downturn?
The RBNZ Governor has clarified the stance of monetary policy, dairy prices have surged, and this week's labour market data was perplexing.
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 hot, dry summer is going to hit rural economies hard. But prices will respond to this change in supply conditions... creating a double-whammy for sheep farms, and a silver lining for dairy.
Dairy prices have plunged this year, beef prices have soared, and most other commodity exports have seen modest price gains.
World dairy prices may have stabilised at low levels. But any substantial improvement in prices next year will require a moderation in global milk production.
Falling world dairy prices herald a further cut in the milk price for this season. A weaker New Zealand dollar has helped to soften the blow, but the conditions for a large, sustained drop in the currency don't seem to be in place.
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