Bite-sized video updates on the New Zealand economy and markets.
Hot dry weather may impact agricultural production, in a sector already suffering low confidence. Meanwhile, the RBNZ is sounding very cool on the idea of targeting both inflation and employment.
The RBNZ loosened its LVR mortgage restrictions earlier than we expected, and business confidence plunged – this week’s video discusses the implications.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
Hot dry weather does not bode well for crop production, and could affect market prices for meat and milk. Meanwhile, a rash of farms have been put up for sale and, so far, few buyers have come forward.
New Zealand is going to commit to net zero carbon emissions by 2050. That target makes it inevitable that agriculture will be included in the Emissions Trading Scheme.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.