Jeremy Couchman
Kiwibank economists are hoping the Reserve Bank can be deterred from its signalled 75 basis point Official Cash Rate hike and 'meet in the middle' with a 50 point rise
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Kiwibank economists are hoping the Reserve Bank can be deterred from its signalled 75 basis point Official Cash Rate hike and 'meet in the middle' with a 50 point rise
[updated]
REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
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REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
[updated]
National's finance spokesperson scalds Government after long-running NZIER business survey records the weakest result in its history; ASB economists say economy has 'run into a brick wall'; BNZ economists see 'stagflation on steroids'
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National's finance spokesperson scalds Government after long-running NZIER business survey records the weakest result in its history; ASB economists say economy has 'run into a brick wall'; BNZ economists see 'stagflation on steroids'
Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
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Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
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Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
Latest Kiwibank household spending data shows that the volume of cash withdrawals is 70% higher than a year ago
18
Latest Kiwibank household spending data shows that the volume of cash withdrawals is 70% higher than a year ago
Kiwibank economists believe that fixed mortgage rates have peaked
Kiwibank economists now see house prices falling 13% by the end of the year followed by a 'slow' recovery
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Kiwibank economists now see house prices falling 13% by the end of the year followed by a 'slow' recovery
Latest labour market data showing 'severe capacity constraints and intensifying wage pressures' prompt change of view and perceived need for the Reserve Bank to do a little more against inflation
30
Latest labour market data showing 'severe capacity constraints and intensifying wage pressures' prompt change of view and perceived need for the Reserve Bank to do a little more against inflation
Latest Kiwibank household spending data shows that the June quarter did see a rebound in consumer spending, but thanks to inflation, the growth in dollars spent is outpacing the volume of transactions
Latest Kiwibank household spending data shows that the June quarter did see a rebound in consumer spending, but thanks to inflation, the growth in dollars spent is outpacing the volume of transactions
Kiwibank economists say the Reserve Bank may soften its tone around the outlook, acknowledging the waning strength in forward economic activity indicators
15
Kiwibank economists say the Reserve Bank may soften its tone around the outlook, acknowledging the waning strength in forward economic activity indicators
[updated]
The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth
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The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth
Kiwibank economists see mortgage rates ranging as high as 7.5% even though they don't see the OCR going as high as currently forecast
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Kiwibank economists see mortgage rates ranging as high as 7.5% even though they don't see the OCR going as high as currently forecast
ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
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ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
Latest Kiwibank household spending data shows that the March quarter spending was 'especially weak'
24
Latest Kiwibank household spending data shows that the March quarter spending was 'especially weak'