Bite-sized video updates on the New Zealand economy and markets.

Weekly Economic Insight Video

25 September:

We now expect that the Reserve Bank will deploy its next monetary policy tool in November. A Funding for Lending Programme is basically cheap loans to banks, and will reduce retail interest rates.

18 September:

GDP data has shown that our less extreme assessment of impact Covid would have on the economy was close to the mark. The Treasury has once-again pointed out that future governments are going to have to either tax more, or spend less. And finally, the housing market has defied the pandemic, and prices now look more likely to rise than fall this year.

Agri Economic Insight Video

We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.

25 September:

Fonterra announced an annual profit for 2019/20, breaking a run of two annual losses. We acknowledge that this is a step in the right direction, but there’s still a long way to go for Fonterra before it demonstrates that it can be profitable on an ongoing basis. Meanwhile, we stick with our $6.50/kg milk price forecast for 2020/21, but we are keeping one eye on the strength of this spring’s milk production.

11 September:

Generally, the agriculture sector is proving resilient despite Covid, albeit with some subtleties. The wool sector is proving a particular exception, while dairy prices are under pressure in some cases and are holding up in others.