Bite-sized video updates on the New Zealand economy and markets.
Fonterra had some more good news for dairy farmers this week, though we’d caution against extrapolating too far from recent dairy price gains. The RBNZ signalled that it’s on track for a November OCR cut.
A long period of low interest rates has helped to spur consistently solid growth in the New Zealand economy. Rising house prices is one of the key channels through which monetary policy works.
The evidence to date points to strong gains in production and export income over the June quarter, and dairy prices have recovered strongly in recent weeks. All of this has boosted sentiment towards the New Zealand dollar.
Homebuilding is on a tear, but it needs to expand even further in Auckland. Weak import prices have helped to limit the decline in the nation’s terms of trade.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
World dairy prices have rebounded strongly in recent weeks. But we’re cautious about the extent to which world demand and supply have corrected.
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.
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