After the dust settled

It’s been an interesting time in New Zealand interest rate markets in the…

08 Dec 2025 Weekly Commentary

Preview of Half-Year Economic and Fiscal Update December 2025

On 16 December the Government will provide an update on the state of its…

04 Dec 2025 Economic data and RBNZ

Market reaction to RBNZ November 2025 Monetary Policy Statement

The week since the RBNZ Monetary Policy Statement has seen a marked increase in…

03 Dec 2025 Economic data and RBNZ

RBNZ cuts 25bps, turns neutral; data flow turns up.

The main local event last week was the RBNZ’s final OCR review and Monetary…

01 Dec 2025 Weekly Commentary

Review of RBNZ November 2025 Monetary Policy Statement

The RBNZ cut the OCR by 25bps to 2.25%. The decision was made following…

26 Nov 2025 Economic data and RBNZ

NZ Agri Bites

We have revised down our farmgate milk price forecast to $9.30/kg for…

26 Nov 2025 Agri

Westpac RBNZ client pulse survey, November 2025

90% of clients expect the RBNZ will deliver a 25bp cut at this Wednesday’s…

24 Nov 2025 Economic data and RBNZ

Does the RBNZ feel the need to boost the run-rate?

Economic data continue to be mixed ahead of the last RBNZ interest rate meeting…

24 Nov 2025 Weekly Commentary

Preview of RBNZ November 2025 Monetary Policy Statement

We expect a 25bp cut in the OCR to 2.25%. We see a downward revision in the projected...

19 Nov 2025 Economic data and RBNZ

The jalopy is struggling in the mud

Data last week continued to be mixed. We saw further encouraging signs…

17 Nov 2025 Weekly Commentary

Cotality-Westpac NZ First Home Buyer Report, November 2025

Our Cotality-Westpac First Home Buyer Report combines Cotality’s insights on the…

12 Nov 2025 Economic data and RBNZ

Labour market soft, but with some green shoots

The September quarter labour market surveys were as subdued as expected…

10 Nov 2025 Weekly Commentary