Keep calm and focus on the data

We expect the Reserve Bank of New Zealand (RBNZ) will leave the Official Cash Rate (OCR)...

06 Jul 2026 Weekly Commentary

Preview of RBNZ July 2026 Monetary Policy Review

We expect the RBNZ to leave the OCR at 2.25% at the 8 July Review. Much has changed...

30 Jun 2026 Economic data and RBNZ

RBNZ to scale back OCR hikes as energy prices recede

A great deal has changed since early May, when we last reviewed our forecasts...

29 Jun 2026 Weekly Commentary

OCR forecast change, June 2026

Recent developments mean that the RBNZ’s outlook for the OCR has likely moved back...

25 Jun 2026 Economic data and RBNZ

Westpac McDermott Miller Employment Confidence, Q2 2026

The Westpac-McDermott Miller Employment Confidence Index fell by 12.5 points to 83.1 in the June quarter...

23 Jun 2026 Confidence surveys

July RBNZ pause more likely following ceasefire

With global fuel prices dropping back, the current uplift in inflation is likely...

22 Jun 2026 Weekly Commentary

NZ GDP review chart pack, Q1 2026

GDP rose by 0.8% in the March quarter. That was within the range of market forecasts...

19 Jun 2026 Economic data and RBNZ

Westpac McDermott Miller Consumer Confidence

Consumer confidence fell sharply over the past few months as the impacts from the...

17 Jun 2026 Confidence surveys

A promising start

It’s a big week ahead in terms of economic news. Locally, we’ll have updates on the...

15 Jun 2026 Weekly Commentary

NZ GDP preview, Q1 2026

We expect a 1% rise in GDP for the March quarter, up from our previous forecast...

10 Jun 2026 Economic data and RBNZ

Westpac Retail Spending Pulse, May 2026

May was another soft month for the retail sector, with per-person spending on...

09 Jun 2026 Economic data and RBNZ

New Zealand’s economy is slouching, not stalling.

New Zealand’s economy has continued to slouch along over the past couple of months...

08 Jun 2026 Weekly Commentary