Mike Jones

Stagnant house prices may be slowing the economic recovery, but economists say that’s not necessarily a bad thing

Stagnant house prices may be slowing the economic recovery, but economists say that’s not necessarily a bad thing

BNZ's chief economist Mike Jones finds a mid-year economic wobble with no respite for the retail sector. With inflation's outlook uncertain and no rate cut expected this week, future rate cuts are still likely

BNZ's chief economist Mike Jones finds a mid-year economic wobble with no respite for the retail sector. With inflation's outlook uncertain and no rate cut expected this week, future rate cuts are still likely

ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year

ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year

BNZ's chief economist Mike Jones has been traveling the country talking to business groups and hearing diverging attitudes between northern and southern communities

BNZ's chief economist Mike Jones has been traveling the country talking to business groups and hearing diverging attitudes between northern and southern communities

BNZ chief economist Mike Jones says the majority of positive cash flow from falling mortgage rates is yet to filter through, but will do so over the coming 6-12 months; cautions again on 'going short'

BNZ chief economist Mike Jones says the majority of positive cash flow from falling mortgage rates is yet to filter through, but will do so over the coming 6-12 months; cautions again on 'going short'

BNZ report sees 7% house price growth this year but warns of downside risks too

BNZ report sees 7% house price growth this year but warns of downside risks too

BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'

BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'

BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'

'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'

'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'

BNZ's chief economist says mortgage holders have shortened up the terms of their fixed-rate borrowing 'much more so' than before previous Official Cash Rate easing cycles

BNZ's chief economist says mortgage holders have shortened up the terms of their fixed-rate borrowing 'much more so' than before previous Official Cash Rate easing cycles

Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns

Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns

BNZ says falling job ads are ‘symptomatic’ of ailing demand for labour as June job ads tumble 8.2% – the biggest monthly fall in almost three years

BNZ says falling job ads are ‘symptomatic’ of ailing demand for labour as June job ads tumble 8.2% – the biggest monthly fall in almost three years

Housing is too expensive and average prices need to fall even if it scares existing homeowners, Minister for Housing Chris Bishop says

Housing is too expensive and average prices need to fall even if it scares existing homeowners, Minister for Housing Chris Bishop says

BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'

BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'