Easing on the way... but when?

Surprisingly, the RBNZ’s July OCR Review was markedly less hawkish than May. The RBNZ’s growth forecasts seem to have been significantly downgraded...

15 Jul 2024 Weekly Commentary

What would the RBNZ need to see to start cutting?

Surprisingly, the RBNZ’s July OCR Review was markedly less hawkish than…

12 Jul 2024 Economic data and RBNZ

NZ CPI preview, Q2 2024

We estimate that New Zealand consumer prices rose by 0.6% in the June…

11 Jul 2024 Economic data and RBNZ

RBNZ Monetary Policy Review, July 2024

The RBNZ left the OCR at 5.5% as expected. The RBNZ took a more dovish…

10 Jul 2024 Economic data and RBNZ

Keeping it tight

The key event this week in New Zealand will be the RBNZ’s latest policy review, with the decision to be announced at 2pm on Wednesday...

08 Jul 2024 Weekly Commentary

NZ Dairy Update

Dairy prices fell significantly by 6.9% in today’s auction…

03 Jul 2024 Agri

Preview of RBNZ July 2024 Monetary Policy Review

We expect the RBNZ to leave the OCR at 5.5%. We expect a short statement…

03 Jul 2024 Economic data and RBNZ

Retail Spending Pulse

Spending on Westpac issued debit and credit cards in the three months to May...

03 Jul 2024 Economic data and RBNZ

Red meat: Trends, outlook and implications for New Zealand farmers

Globally, red meat consumption is growing. Per capita consumption has…

02 Jul 2024 Research papers

We are at full transmission!

Last week’s news continued to reflect the theme of an economy that is dealing with the impact of...

01 Jul 2024 Weekly Commentary

Westpac McDermott Miller Employment Confidence

Employment confidence fell by 13 points to 91.4 in the June quarter…

25 Jun 2024 Confidence surveys

Housing market in hibernation

Since August 2023 we have had a relatively positive view of the house price cycle...

25 Jun 2024 Economic data and RBNZ