Dominick Stephens
Westpac NZ slashes forecasts for house price growth and GDP as coronavirus starts to hit jobs and consumer spending
6th Mar 20, 2:08pm
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Westpac NZ slashes forecasts for house price growth and GDP as coronavirus starts to hit jobs and consumer spending
Sharon Zollner, chief economist at NZ's biggest bank, says as the economic impact of coronavirus rises so to do the odds of RBNZ OCR cuts
28th Feb 20, 1:05pm
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Sharon Zollner, chief economist at NZ's biggest bank, says as the economic impact of coronavirus rises so to do the odds of RBNZ OCR cuts
Westpac economists: Tax reform is the only effective way to solve NZ's housing affordability problem
Westpac economists, who nearly a year ago forecast surging house prices for this year, now say house price inflation will hit 10%
18th Feb 20, 11:48am
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Westpac economists, who nearly a year ago forecast surging house prices for this year, now say house price inflation will hit 10%
Reserve Bank universally expected to keep the Official Cash Rate unchanged at next week's review but will point to the uncertainties around coronavirus and how that might affect the New Zealand economy
6th Feb 20, 9:08am
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Reserve Bank universally expected to keep the Official Cash Rate unchanged at next week's review but will point to the uncertainties around coronavirus and how that might affect the New Zealand economy
RBNZ survey shows drop in inflation expectations; Data seen to increase likelihood of an OCR cut on Wednesday; NZD weaker
12th Nov 19, 7:57pm
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RBNZ survey shows drop in inflation expectations; Data seen to increase likelihood of an OCR cut on Wednesday; NZD weaker
The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
11th Nov 19, 11:28am
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The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
Westpac NZ CEO David McLean doubts further OCR cuts would stimulate the economy, doesn't offer an alternative suggestion but argues this is something we should be debating
6th Nov 19, 9:59am
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Westpac NZ CEO David McLean doubts further OCR cuts would stimulate the economy, doesn't offer an alternative suggestion but argues this is something we should be debating
US and Australian central banks might be hitting pause on interest rate cuts, and the NZ economy doesn't look that bad, so Westpac economists no longer believe the OCR will be cut in a fortnight
31st Oct 19, 2:57pm
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US and Australian central banks might be hitting pause on interest rate cuts, and the NZ economy doesn't look that bad, so Westpac economists no longer believe the OCR will be cut in a fortnight
Westpac economists say unconventional monetary policy could help the Reserve Bank meet its inflation target but they warn that any monetary policy is 'no panacea'
18th Sep 19, 11:06am
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Westpac economists say unconventional monetary policy could help the Reserve Bank meet its inflation target but they warn that any monetary policy is 'no panacea'
Westpac economists reiterate forecast of 7% house price inflation next year but admit it's far from certain
13th Aug 19, 2:20pm
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Westpac economists reiterate forecast of 7% house price inflation next year but admit it's far from certain
In its latest Monetary Policy Statement the Reserve Bank has expressed surprise that house price inflation has not picked up as it expected and it now forecasts very modest growth over the next few years
8th Aug 19, 12:15pm
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In its latest Monetary Policy Statement the Reserve Bank has expressed surprise that house price inflation has not picked up as it expected and it now forecasts very modest growth over the next few years
'A stunning decision' - RBNZ delivers huge surprise with a 50-basis-point cut to the Official Cash Rate; banks quickly react with mortgage cuts; dollar drops
7th Aug 19, 2:08pm
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'A stunning decision' - RBNZ delivers huge surprise with a 50-basis-point cut to the Official Cash Rate; banks quickly react with mortgage cuts; dollar drops
Economists see the RBNZ holding fire when it reviews the OCR on Wednesday, before making one cut before the end of the year
24th Jun 19, 7:30am
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Economists see the RBNZ holding fire when it reviews the OCR on Wednesday, before making one cut before the end of the year
Westpac economists expect Reserve Bank to keep OCR on hold until 2022 and low mortgage rates to push up house prices
11th May 19, 9:16am
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Westpac economists expect Reserve Bank to keep OCR on hold until 2022 and low mortgage rates to push up house prices
RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
9th May 19, 7:58am
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RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
How two academics and a former unionist teaming up with the Reserve Bank to set monetary policy will affect the economy
29th Mar 19, 9:20am
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How two academics and a former unionist teaming up with the Reserve Bank to set monetary policy will affect the economy
Westpac economists change their call and now see no OCR change before 2022, with the 'balance of risks' for rates going up or down evenly balanced
11th Feb 19, 9:20am
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Westpac economists change their call and now see no OCR change before 2022, with the 'balance of risks' for rates going up or down evenly balanced
Westpac economists challenge their ANZ counterparts, downplaying the effect higher proposed bank capital requirements will have on interest rates
16th Jan 19, 9:23am
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Westpac economists challenge their ANZ counterparts, downplaying the effect higher proposed bank capital requirements will have on interest rates
Westpac's chief economist says recent falls in mortgage rates will boost house prices but warns of rising rates and falling prices from 2020
15th Nov 18, 9:44am
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Westpac's chief economist says recent falls in mortgage rates will boost house prices but warns of rising rates and falling prices from 2020
There's some expectation the Reserve Bank might loosen mortgage lending restrictions next month - but the 'evidence' either supportive or against such a move is is not definitive
11th Oct 18, 1:47pm
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There's some expectation the Reserve Bank might loosen mortgage lending restrictions next month - but the 'evidence' either supportive or against such a move is is not definitive
Westpac McDermott Miller survey shows the collapsing confidence contagion is spreading, with the lowest level of consumer confidence in six years
19th Sep 18, 9:55am
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Westpac McDermott Miller survey shows the collapsing confidence contagion is spreading, with the lowest level of consumer confidence in six years
Westpac's chief economist abruptly changes tack and now forecasts a house price rally early next year, with prices to climb 1.5% in the first quarter; RBNZ was the 'game changer'
15th Aug 18, 11:51am
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Westpac's chief economist abruptly changes tack and now forecasts a house price rally early next year, with prices to climb 1.5% in the first quarter; RBNZ was the 'game changer'
Westpac Chief Economist Dominick Stephens says the Adrian Orr-led RBNZ appears to be considering OCR reductions and is less inclined towards hikes
14th Aug 18, 12:21pm
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Westpac Chief Economist Dominick Stephens says the Adrian Orr-led RBNZ appears to be considering OCR reductions and is less inclined towards hikes
After reading the Budget, the RBNZ expects the effects of government spending on GDP will be ‘lower and later’ than anticipated, a different take to the Treasury’s forecast – Jason Walls asks why
1st Jul 18, 7:03am
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After reading the Budget, the RBNZ expects the effects of government spending on GDP will be ‘lower and later’ than anticipated, a different take to the Treasury’s forecast – Jason Walls asks why
Westpac's chief economist says it's no surprise that the housing market is slowing; predicts Auckland and Queenstown will be most affected by foreign buyer restrictions
21st Jun 18, 11:42am
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Westpac's chief economist says it's no surprise that the housing market is slowing; predicts Auckland and Queenstown will be most affected by foreign buyer restrictions