Video updates.
Economic insight - 1 December 2023.
View older videosThe RBNZ delivered their updated view of the interest rate outlook this week and poured ice water over market expectations for OCR cuts next year. The RBNZ sees little room to tolerate upside shocks to inflation and plenty of room for downside shocks. Given that asymmetric risk profile we retained our call for an OCR increase early next year.
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Agri insight - 1 December 2023.
New Zealand has a new coalition government. The coalition agreement is ambitious with regard to agriculture and intends to let farmers get back to farming.