Bite-sized video updates on the New Zealand economy and markets.
Inflation is firmly on target for now. But with housing-related inflation having passed its peak, the Reserve Bank will be looking for other sources of price growth to step up.
Where the housing market goes, consumer spending soon follows. We are now seeing evidence that retailers are feeling the effect of this year’s housing market slowdown.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
The global economy is firing on all cylinders, creating fairly reasonable global prices for New Zealand’s key farm exports. However, there are still a couple of things to watch out for, including a potential slowdown in China’s economy and supply increases among our competitors.
Farmers’ fortunes are closely tied to the global economy. Right now, it is actually pretty smooth sailing, with positive global conditions set to continue for a while yet.
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.