RBNZ April 2026 Monetary Policy Review and change of call

As widely expected, the RBNZ retained the OCR at 2.25%. There was no vote, with the...

08 Apr 2026 Economic data and RBNZ

Not hawkish. Not dovish. Balanced.

The RBNZ meets this week for its April Monetary Policy Review (Wednesday 8 April, NZ 2pm)...

07 Apr 2026 Weekly Commentary

Hawks, doves, and kiwis

As discussed in our preview this week, the outcome of the upcoming Monetary...

02 Apr 2026 Economic data and RBNZ

Preview of RBNZ April 2026 Monetary Policy Review

Consistent with guidance given by Governor Breman in a recent speech, we expect the...

31 Mar 2026 Economic data and RBNZ

NZ Agri Bites

The impact of war in Iran is likely to be broadly supportive of prices. The key issue...

31 Mar 2026 Agri

Inflation up, growth down, OCR on hold?

As the war has drawn on and evidence of disruption to the NZ economy has…

30 Mar 2026 Weekly Commentary

Forecast update, March 2026

We are updating our forecasts to reflect the growing impacts of the Iran war on the…

25 Mar 2026 Economic data and RBNZ

Westpac McDermott Miller Employment Confidence

The Westpac-McDermott Miller Employment Confidence Index rose by 1.8 points…

25 Mar 2026 Confidence surveys

Focus turns to the RBNZ after data dump

The past week has seen a heavy data flow in New Zealand. In normal times…

23 Mar 2026 Weekly Commentary

NZ GDP chartpack, Q4 2025

GDP rose by 0.2% in the December quarter, less than our forecast of a 0.4% rise and at the…

19 Mar 2026 Economic data and RBNZ

Westpac McDermott Miller Consumer Confidence

Consumer confidence has taken a knock, albeit only a small one at this stage…

18 Mar 2026 Confidence surveys

RBNZ to stand pat as inflation pushes higher

The reverberations of the war in the Middle East are being felt around the globe…

16 Mar 2026 Weekly Commentary