Bite-sized video updates on the New Zealand economy and markets.

Weekly Economic Insight Video

30 October:

New data showing low inflation backs our view that the RBNZ is going to have to keep interest rates low for a long time, and therefore the house price boom is going to roll on for some time. The party will only end when inflation rises. At that point the RBNZ will lift interest rates and house prices will fall.

23 October:

The election outcome was clear, but the result didn’t actually matter much for the macroeconomic outlook anyway. Meanwhile, the economy continues to show its amazing resilience in the face of Covid.

Agri Economic Insight Video

We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.

23 October:

The Labour party has won the election, winning enough seats to govern alone. With this election largely policy free, at a high level, the result itself doesn’t mean much for the economy. However, the tightening of environmental policy is likely to continue and the pace may even quicken. Meanwhile, we have lifted our 2020/21 milk price forecast to $7.00/kg.

9 October:

Another positive dairy auction this week has cemented our milk price forecast at $6.50/kg. If anything, though, we some upside risk to our forecast. Meanwhile, we have released a bulletin that answers a question often asked by farmers: are we too exposed to the Chinese market?