3% inflation not a barrier to another RBNZ rate cut

Inflation in New Zealand has picked up again, rising to 3% in the year…

28 Oct 2025 Weekly Commentary

Economic conditions still soggy

The New Zealand economy is still looking sluggish. The latest updates…

20 Oct 2025 Weekly Commentary

Breaking the spell

The Reserve Bank delivered the 50bps OCR cut that we were expecting…

13 Oct 2025 Weekly Commentary

Getting the OCR to where it needs to be

The key market-moving event over the week ahead is likely to be the RBNZ…

06 Oct 2025 Weekly Commentary

A new chapter for the RBNZ; fiscal challenges loom.

The key domestic news last week was the announcement of the next RBNZ Governor…

29 Sep 2025 Weekly Commentary

A week of surprises

While the general direction was mostly as expected, the magnitude of movement in some…

22 Sep 2025 Weekly Commentary

From high to low

This week brings the final data points for the June quarter, with the June…

15 Sep 2025 Weekly Commentary

Reforms that a new RBNZ Governor might consider

It appears that the appointment process for a new permanent Governor of the RBNZ…

08 Sep 2025 Weekly Commentary

Reforms that might be considered by the incoming RBNZ Governor

A decision on a new permanent RBNZ Governor is likely in coming weeks…

05 Sep 2025 Economic data and RBNZ

Discounting boosts retail volumes

Following the surprising dovish pivot by the RBNZ, the focus last week…

01 Sep 2025 Weekly Commentary

There’s more where that came from.

As we had expected, the RBNZ cut the Official Cash Rate 25bps to 3.00% at its August…

25 Aug 2025 Weekly Commentary

Change of OCR call and RBNZ August 2025 Monetary Policy Statement

The RBNZ reduced the OCR by 25bps to 3.00% as expected. But the forward guidance…

20 Aug 2025 Economic data and RBNZ