From high to low

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

15 Sep 2025 Weekly Commentary

Housing market update July 2025

As occurred in peer economies, real house prices in New Zealand have undergone…

11 Sep 2025 Economic data and RBNZ

NZ GDP preview, Q2 2025

We expect a 0.4% fall in GDP for the June quarter, following a 0.8% rise in the…

10 Sep 2025 Economic data and RBNZ

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

Are we there yet?

Last week we published our latest Economic Overview. The report was titled...

18 Aug 2025 Weekly Commentary

Preview of RBNZ August 2025 Monetary Policy Statement

We expect the RBNZ to cut the OCR by 25bp to 3%. We don’t expect a significant...

15 Aug 2025 Economic data and RBNZ

Labour market remains soft, but no surprises.

The June quarter labour market surveys showed that conditions remain tough…

11 Aug 2025 Weekly Commentary

Hawks, doves, and kiwis

The winter of discontent has descended on the New Zealand economy…

07 Aug 2025 Economic data and RBNZ