A new chapter for the RBNZ; fiscal challenges loom.

The key domestic news last week was the announcement of the next RBNZ Governor…

29 Sep 2025 Weekly Commentary

Some further thoughts on the new RBNZ Governor

Dr Anna Breman will take over as RBNZ Governor on 1 December…

25 Sep 2025 Economic data and RBNZ

Westpac McDermott Miller Employment Confidence

Despite nudging higher in recent months, confidence about the state of New Zealand’s…

24 Sep 2025 Confidence surveys

A week of surprises

While the general direction was mostly as expected, the magnitude of movement in some…

22 Sep 2025 Weekly Commentary

OCR change of call, September 2025

Very weak GDP implies greater than expected economic slack in Q2…

18 Sep 2025 Economic data and RBNZ

Westpac McDermott Miller Consumer Confidence

With the economy hitting a soft patch mid-year and cost of living pressures…

17 Sep 2025 Confidence surveys

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