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Michael Gordon

The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
4th Oct 21, 11:31am
20
The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
13th Sep 21, 10:35am
2
Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
ASB & Westpac economists no longer see the RBNZ hiking interest rates on Wednesday; Finance Minister comments it's the RBNZ's job to look to the 'medium-term'
17th Aug 21, 8:53pm
47
ASB & Westpac economists no longer see the RBNZ hiking interest rates on Wednesday; Finance Minister comments it's the RBNZ's job to look to the 'medium-term'
Inflation expectations are so strong, Reserve Bank observers now believe there's a higher likelihood of the central bank lifting the OCR by 50 basis points, than there is of it making no change
14th Aug 21, 9:10am
57
Inflation expectations are so strong, Reserve Bank observers now believe there's a higher likelihood of the central bank lifting the OCR by 50 basis points, than there is of it making no change
Economists see June quarter labour market figures portraying an increasingly tight jobs market and with upward pressure on wages
2nd Aug 21, 9:07am
72
Economists see June quarter labour market figures portraying an increasingly tight jobs market and with upward pressure on wages
Bank economists respond to a hawkish RBNZ, picking an OCR hike for August, but opinion remains divided over whether the economy needs cooling just yet
14th Jul 21, 7:09pm
62
Bank economists respond to a hawkish RBNZ, picking an OCR hike for August, but opinion remains divided over whether the economy needs cooling just yet
Economists at the four biggest banks now all see the Reserve Bank starting to hike interest rates in November
7th Jul 21, 1:14pm
55
Economists at the four biggest banks now all see the Reserve Bank starting to hike interest rates in November
Economists have been upwardly adjusting their economic forecasts in recent days in the face of stronger-than-expected data and the major bank economists now see first quarter GDP producing a positive figure - IE economic growth
14th Jun 21, 9:57am
11
Economists have been upwardly adjusting their economic forecasts in recent days in the face of stronger-than-expected data and the major bank economists now see first quarter GDP producing a positive figure - IE economic growth
Westpac economists say the Government's current fiscal stance may be far less stimulatory than was portrayed in the Budget
8th Jun 21, 2:49pm
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Westpac economists say the Government's current fiscal stance may be far less stimulatory than was portrayed in the Budget
RBNZ leaves monetary policy settings unchanged, but reintroduces forward interest rate forecasts suggesting a first Official Cash Rate rise in the second-half of 2022; Kiwi dollar jumps
26th May 21, 2:07pm
110
RBNZ leaves monetary policy settings unchanged, but reintroduces forward interest rate forecasts suggesting a first Official Cash Rate rise in the second-half of 2022; Kiwi dollar jumps
Businesses urge the RBNZ not to remove the punch bowl that is low interest rates; Economists recognise the party will have to start winding down mid-next year
25th May 21, 7:00am
66
Businesses urge the RBNZ not to remove the punch bowl that is low interest rates; Economists recognise the party will have to start winding down mid-next year
Statistics New Zealand says the unemployment rate dropped to 4.7% in the March quarter from 4.9% in December - beating market expectations
5th May 21, 11:06am
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Statistics New Zealand says the unemployment rate dropped to 4.7% in the March quarter from 4.9% in December - beating market expectations
Economists are seeing little change in the unemployment rate when official statistics are released this week
3rd May 21, 11:34am
11
Economists are seeing little change in the unemployment rate when official statistics are released this week
Westpac economists say landlords might be better off selling their property to the tenants rather than trying to push through large rent hikes
10th Apr 21, 10:00am
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Westpac economists say landlords might be better off selling their property to the tenants rather than trying to push through large rent hikes
It's a toss of a coin as to whether the New Zealand economy grew or contracted in the December quarter - but either way our recovery from lockdown has been impressive
15th Mar 21, 12:14pm
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It's a toss of a coin as to whether the New Zealand economy grew or contracted in the December quarter - but either way our recovery from lockdown has been impressive
The shock drop in the unemployment rate has ended all talk of further official interest rate falls and is now prompting increased speculation of rates beginning to rise in 2022
3rd Feb 21, 3:24pm
74
The shock drop in the unemployment rate has ended all talk of further official interest rate falls and is now prompting increased speculation of rates beginning to rise in 2022
Statistics New Zealand says unemployment dropped to 4.9% in the December quarter from 5.3%; economists had universally expected unemployment to rise
3rd Feb 21, 11:02am
94
Statistics New Zealand says unemployment dropped to 4.9% in the December quarter from 5.3%; economists had universally expected unemployment to rise
Economists are picking a December quarter 2020 unemployment rate of around 5.6%, higher than the 5.3% rate in September; unemployment likely to peak later this year
2nd Feb 21, 9:51am
25
Economists are picking a December quarter 2020 unemployment rate of around 5.6%, higher than the 5.3% rate in September; unemployment likely to peak later this year
Economists are picking a record economic recover in the September quarter, with GDP expected to grow by possibly as much as 14%
14th Dec 20, 9:15am
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Economists are picking a record economic recover in the September quarter, with GDP expected to grow by possibly as much as 14%
Economists think the unemployment rate will show a discernible lift for the September quarter, but the figures are not likely to be as bad as was being forecast earlier in the year
2nd Nov 20, 10:16am
20
Economists think the unemployment rate will show a discernible lift for the September quarter, but the figures are not likely to be as bad as was being forecast earlier in the year
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
The country is set to see its largest ever contraction in the economy reported this week - but the final figure's actually expected to be much smaller than first feared and the focus is already on how much the economy will grow by in the September quarter
14th Sep 20, 1:37pm
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The country is set to see its largest ever contraction in the economy reported this week - but the final figure's actually expected to be much smaller than first feared and the focus is already on how much the economy will grow by in the September quarter
Statistics New Zealand says unemployment rate actually FELL to 4%, but the 'underutilisation' rate had a record climb, up to 12%, employment fell by 11,000 jobs and 37,000 people left the workforce
5th Aug 20, 11:13am
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Statistics New Zealand says unemployment rate actually FELL to 4%, but the 'underutilisation' rate had a record climb, up to 12%, employment fell by 11,000 jobs and 37,000 people left the workforce
Economists on average are picking unemployment to surge up from 4.2% to 5.7% for the June quarter - but they stress that the impact of the lockdown is going to make it difficult to get a clear picture
3rd Aug 20, 12:10pm
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Economists on average are picking unemployment to surge up from 4.2% to 5.7% for the June quarter - but they stress that the impact of the lockdown is going to make it difficult to get a clear picture
Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter
16th Jul 20, 11:00am
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Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter