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 US Federal Reserve sounds more prepared to lift interest rates, while the Reserve Bank of New Zealand is less prepared to do so. The result has been a drop in the New Zealand dollar vis-a-vis the US dollar.
Very low inflation will keep the Reserve Bank on the sidelines for a long while yet.
Global commodity prices, including oil, are falling hard... and there are two important implications for New Zealand.
Businesses and consumers are less optimistic about the economy, but confident in their own prospects.
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.
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.
Dairy and meat prices continue to diverge. Meanwhile, markets have taken their eye off the rate-hike ball, giving borrowers a great opportunity to fix their interest rates.
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.
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.