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Economic reports archive.
Labour market soft, but with some green shoots
The September quarter labour market surveys were as subdued as expected…
Running rough
Last week we released our final Economic Overview for 2025 with…
3% inflation not a barrier to another RBNZ rate cut
Inflation in New Zealand has picked up again, rising to 3% in the year…
Economic conditions still soggy
The New Zealand economy is still looking sluggish. The latest updates…
Breaking the spell
The Reserve Bank delivered the 50bps OCR cut that we were expecting…
NZ Agri Bites
We have maintained our farmgate milk price forecast of $10.00/kg for this season…
Getting the OCR to where it needs to be
The key market-moving event over the week ahead is likely to be the RBNZ…
Preview of RBNZ October 2025 Monetary Policy Review
We expect the RBNZ to cut the OCR by 50bp to 2.5% at its October meeting…
A new chapter for the RBNZ; fiscal challenges loom.
The key domestic news last week was the announcement of the next RBNZ Governor…
Some further thoughts on the new RBNZ Governor
Dr Anna Breman will take over as RBNZ Governor on 1 December…
A week of surprises
While the general direction was mostly as expected, the magnitude of movement in some…
OCR change of call, September 2025
Very weak GDP implies greater than expected economic slack in Q2…