Video updates

Bite-sized video updates on the New Zealand economy and markets.

Weekly Economic Insight Video

18 September:

GDP data has shown that our less extreme assessment of impact Covid would have on the economy was close to the mark. The Treasury has once-again pointed out that future governments are going to have to either tax more, or spend less. And finally, the housing market has defied the pandemic, and prices now look more likely to rise than fall this year.

11 September:

The economy performed much the same in the August episode of Covid Alert Levels 3 and 2 as the last time we were at these levels. Economic activity and spending were sharply curtailed, but when the Alert Level dropped, activity bounced back very rapidly. This is yet another sign that lockdowns are less costly than we initially feared.

Agri Economic Insight Video

We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.

11 September:

Generally, the agriculture sector is proving resilient despite Covid, albeit with some subtleties. The wool sector is proving a particular exception, while dairy prices are under pressure in some cases and are holding up in others.

28 August:

Community transmission has re-emerged in NZ, with Auckland entering a level 3 lockdown and the rest of the country moving into level 2. So far, though, this has had limited impact on agriculture as it is largely BAU on farm in the provinces. Meanwhile, we expect the Reserve Bank to cut the OCR to -0.5% in April 2021. For farmers, this is likely to lead to another leg lower in their borrowing rates from next year.