Change of OCR call

The case for a hike in February now looks too thin. Recent GDP data shows a…

15 Dec 2023 Economic data and RBNZ

Bring on the data!

With little dataflow in New Zealand last week, markets took their tone from offshore…

11 Dec 2023 Weekly Commentary

Westpac NZ Retail Spending Pulse

This is the inaugural release of our Retail Spending Pulse where we analyse…

08 Dec 2023 Economic data and RBNZ

HYEFU preview 2023

It’s very early days for the new government. As a result, we expect little…

07 Dec 2023 Economic data and RBNZ

Now is not the time for rate cuts

The RBNZ poured ice water over the emerging market trend to price in OCR cuts in 2024…

04 Dec 2023 Weekly Commentary

Review of RBNZ November 2023 Monetary Policy Statement

The OCR remained at 5.5% as Westpac and the market had expected…

29 Nov 2023 Economic data and RBNZ

Times of change: A new government and prospects for lower rates

The RBNZ will almost certainly leave the OCR unchanged this week. But the key…

27 Nov 2023 Weekly Commentary

Preview of RBNZ November 2023 Monetary Policy Statement

We expect the RBNZ will leave the OCR unchanged at 5.5% at its November…

23 Nov 2023 Economic data and RBNZ

NZ Dairy Update

Overall dairy prices were unchanged overnight. By product, the result was mixed…

22 Nov 2023 Agri

When’s the pivot? – RBNZ policy considerations

In this note we discuss what the RBNZ would likely need to see to deliver a policy…

22 Nov 2023 Economic data and RBNZ

Inflation down, but not out

While inflation in New Zealand is cooling, the big uncertainty for the RBNZ is how…

20 Nov 2023 Weekly Commentary

October inflation update

We’ve revised our forecast for December quarter inflation to 0.6%...

14 Nov 2023 Economic data and RBNZ