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Mark Smith

Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
19th Apr 21, 11:35am
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Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020
10th Mar 21, 12:25pm
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Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020
ANZ Business Outlook survey shows a 'jaw-dropping' 67% of retailers expect to increase their prices
25th Feb 21, 1:22pm
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ANZ Business Outlook survey shows a 'jaw-dropping' 67% of retailers expect to increase their prices
Economists see the longer term outlook for inflation as more stable, therefore reducing pressure on the Reserve Bank to keep lowering interest rates
18th Jan 21, 2:40pm
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Economists see the longer term outlook for inflation as more stable, therefore reducing pressure on the Reserve Bank to keep lowering interest rates
ASB economists say politicians, policymakers and experts need to come together to discuss what can be done on housing and come up with binding recommendations on the way forward
30th Nov 20, 2:10pm
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ASB economists say politicians, policymakers and experts need to come together to discuss what can be done on housing and come up with binding recommendations on the way forward
Statistics New Zealand says retail sales values had the largest September quarter rise since the series began in 1995
23rd Nov 20, 10:56am
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Statistics New Zealand says retail sales values had the largest September quarter rise since the series began in 1995
Economists have differing views on whether the cheap money lending programme for banks to be announced this week will be specifically aimed at lending for businesses or will be available for banks to lend wherever, including on houses
9th Nov 20, 3:19pm
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Economists have differing views on whether the cheap money lending programme for banks to be announced this week will be specifically aimed at lending for businesses or will be available for banks to lend wherever, including on houses
Consumer price index inflation undershoots RBNZ and market expectations in September quarter, coming in at 0.7% quarter-on-quarter and 1.4% year-on-year
23rd Oct 20, 11:11am
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Consumer price index inflation undershoots RBNZ and market expectations in September quarter, coming in at 0.7% quarter-on-quarter and 1.4% year-on-year
Some bank economists are raising various concerns and perceived problems ahead of New Zealand's likely move into 'below zero' territory with interest rates next year
24th Aug 20, 2:18pm
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Some bank economists are raising various concerns and perceived problems ahead of New Zealand's likely move into 'below zero' territory with interest rates next year
Statistics New Zealand says retail sales plummeted 15% in the lockdown-affected June quarter
24th Aug 20, 12:00pm
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Statistics New Zealand says retail sales plummeted 15% in the lockdown-affected June quarter
ASB economists have crunched the numbers on what the current alert level settings may mean for the economy - and what impact a broader lockdown would have
13th Aug 20, 9:32am
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ASB economists have crunched the numbers on what the current alert level settings may mean for the economy - and what impact a broader lockdown would have
Economists flag potential for quantitative easing to reach its limit if government spending and debt issuance end up being lower than forecast
11th Aug 20, 5:00am
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Economists flag potential for quantitative easing to reach its limit if government spending and debt issuance end up being lower than forecast
Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
14th Jul 20, 11:09am
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Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
Statistics New Zealand says on a seasonally adjusted basis retail spending leapt 79% in May as businesses reopened after the April lockdown
11th Jun 20, 11:51am
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Statistics New Zealand says on a seasonally adjusted basis retail spending leapt 79% in May as businesses reopened after the April lockdown
Preliminary results from the ANZ Business Outlook survey for June show broad improvement in sentiment but from very low levels
9th Jun 20, 1:22pm
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Preliminary results from the ANZ Business Outlook survey for June show broad improvement in sentiment but from very low levels
Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
11th May 20, 10:58am
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Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
'The tyres of the Kiwi economy are nicely inflated now. But Covid-19 has caused a large puncture = deflation'
20th Apr 20, 11:04am
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'The tyres of the Kiwi economy are nicely inflated now. But Covid-19 has caused a large puncture = deflation'
Economists see inflation possibly dropping below the minimum target of 1% this year, but say it's going to be difficult to even accurately measure it after the disruption of the lockdown
17th Apr 20, 8:58am
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Economists see inflation possibly dropping below the minimum target of 1% this year, but say it's going to be difficult to even accurately measure it after the disruption of the lockdown
Official figures show spending on food and groceries rose a whopping $376 million in the past month; elsewhere it's a predictably grim story
9th Apr 20, 11:15am
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Official figures show spending on food and groceries rose a whopping $376 million in the past month; elsewhere it's a predictably grim story
Major bank economists are currently expecting a short, sharp, shock to economic growth in the first half of this year due to coronavirus - but they warn that the outlook is uncertain and unpredictable
10th Feb 20, 2:37pm
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Major bank economists are currently expecting a short, sharp, shock to economic growth in the first half of this year due to coronavirus - but they warn that the outlook is uncertain and unpredictable
Inflation expected to come close to hitting the Reserve Bank's sweet spot, enabling it to take a breather before possibly cutting interest rates again
20th Jan 20, 4:55pm
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Inflation expected to come close to hitting the Reserve Bank's sweet spot, enabling it to take a breather before possibly cutting interest rates again
Stats NZ reports that a 2.7% lift in monthly building consents for November saw the annual level of consents around the country hit over 37,000 for the first time since the 1970s
14th Jan 20, 11:23am
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Stats NZ reports that a 2.7% lift in monthly building consents for November saw the annual level of consents around the country hit over 37,000 for the first time since the 1970s
The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
11th Nov 19, 11:28am
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The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
New figures show the Consumer Price Index rose 0.7% in the September quarter and 1.5% year-on-year - more than expected by the RBNZ; Higher household costs largely behind the rise; NZ$ up momentarily
16th Oct 19, 10:57am
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New figures show the Consumer Price Index rose 0.7% in the September quarter and 1.5% year-on-year - more than expected by the RBNZ; Higher household costs largely behind the rise; NZ$ up momentarily
New Zealand may have just seen its biggest quarterly price rises in a year - and yet at the same time annual inflation could drop to an 18 month low
14th Oct 19, 12:00pm
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New Zealand may have just seen its biggest quarterly price rises in a year - and yet at the same time annual inflation could drop to an 18 month low