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 New Zealand dollar is under downward pressure as New Zealand's export sector encounters adverse conditions. Meanwhile, the domestic boom rolls on.
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.
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 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.
The days of ultra-low interest rates and global product prices that can only rise are over.
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