Bite-sized video updates on the New Zealand economy and markets.
Consumer prices were subdued again in the June quarter after a surprisingly large increase in March. The Reserve Bank will need to keep interest rates low in order to meet its inflation target on a sustained basis.
A slowing housing market and subsiding inflation should leave the market questioning whether next year is too soon to expect interest rate hikes by the Reserve Bank.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
Global interest rates have been rising as markets fear a co-ordinated move by central banks. We think this is overplayed. Economics conditions, and hence the need for interest rate hikes, vary a lot across countries.
A cyclical improvement in dairy prices has eased the pressure on the dairy sector. But a strengthening of balance sheets is needed to prepare the industry for the next downturn.
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.