Nearing the finish line - but not quite there yet

Our latest Economic Overview shows that New Zealand’s marathon journey back towards low and stable inflation is finally nearing its end...

12 Aug 2024 Weekly Commentary

Earlier OCR cuts coming

Westpac’s new economic forecasts, which will be released tomorrow with our latest economic overview, include significant downward revisions in the growth and inflation outlook...

05 Aug 2024 Weekly Commentary

Trade update

Following the excitement created over the previous fortnight by the RBNZ policy review and CPI release, last week was quiet...

29 Jul 2024 Weekly Commentary

RBNZ to deliver some pre-Christmas cheer in November

We have brought our forecast for Official Cash Rate reductions from the Reserve Bank of New Zealand forward by a few months...

22 Jul 2024 Weekly Commentary

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

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

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 - 3 Jul 2024

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

02 Jul 2024 Research papers, Industry

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

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

Activity off the boil while inflation simmers

The latest GDP figures revealed that economic growth in the early part…

24 Jun 2024 Weekly Commentary

NZ GDP review, Q1 2024 - 20 Jun 2024

Today’s GDP figures confirmed that the New Zealand economy remains in a flat patch...

20 Jun 2024 Economic data and RBNZ