Bite-sized video updates on the New Zealand economy and markets.
The New Zealand economy is in a sweet spot, with activity steadily picking up without overheating. Soft job prospects in Australia, and political uncertainty in the Northern Hemisphere, make New Zealand an attractive place to live.
New Zealanders are still spending enthusiastically. But will that remain the case if the housing market continues to slow?
The Reserve Bank is in no hurry to start raising interest rates again. Inflation is expected to lurk around the lower end of the target range for a while longer.
The Reserve Bank’s first statement of the year should be a firmly on-hold signal for interest rates. Inflation is off its lows, but it will struggle to progress much higher this year.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
World prices for our agricultural exports have held up well over the new year. But the strong New Zealand dollar has eroded the returns to farmers.
We look at the demand and supply factors that are pushing dairy prices higher, and note that the world is shifting to an environment of rising rather than falling interest rates.
World dairy prices have surged even higher, on expectations of a steep drop in milk production. We remain sceptical that volumes will be as weak as forecast, but for now the outlook for this season’s payout is looking brighter.
This month we take a look at what’s going on in dairy markets, as well as some of NZ’s other commodity exports.
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.