Philip Borkin

ANZ economists believe the RBNZ will further relax the mortgage lending restrictions next month, though not by much; they see a 'neutral level' of low deposit loans being about 15%-20% of banks' lending

ANZ economists believe the RBNZ will further relax the mortgage lending restrictions next month, though not by much; they see a 'neutral level' of low deposit loans being about 15%-20% of banks' lending

ANZ economists suggest that our expensive housing is affecting the economy's productive potential

ANZ economists suggest that our expensive housing is affecting the economy's productive potential

ANZ economists say the cost of building a new house has become more attractive relative to the cost of buying an existing one

ANZ economists say the cost of building a new house has become more attractive relative to the cost of buying an existing one

ANZ economists say even though house prices look 'out of whack' with incomes, they can't see a sharp downward correction

ANZ economists say even though house prices look 'out of whack' with incomes, they can't see a sharp downward correction

ANZ economists expecting Fonterra to drop milk forecast next month from the current $6.75 to possibly as low as $6.25

ANZ economists expecting Fonterra to drop milk forecast next month from the current $6.75 to possibly as low as $6.25

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; surprisingly, no change seen to future interest rate path, with first OCR hike not projected till late 2019; dollar drops sharply

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; surprisingly, no change seen to future interest rate path, with first OCR hike not projected till late 2019; dollar drops sharply

NZ unemployment rate falls to 4.9% in March; Jobs growth exceeds boost in working age population; economists don't see any immediate interest rate reaction from the RBNZ

NZ unemployment rate falls to 4.9% in March; Jobs growth exceeds boost in working age population; economists don't see any immediate interest rate reaction from the RBNZ

Reserve Bank says monetary policy will be accommodative for a considerable period and numerous uncertainties remain

Reserve Bank says monetary policy will be accommodative for a considerable period and numerous uncertainties remain

A 12.4% plunge in the price of Whole Milk Powder leads overall dairy prices down 6.3%; analysts see any recovery in prices as difficult while there is a surplus of supply; economists downgrade milk price forecasts

A 12.4% plunge in the price of Whole Milk Powder leads overall dairy prices down 6.3%; analysts see any recovery in prices as difficult while there is a surplus of supply; economists downgrade milk price forecasts

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; small upward move in interest rates projected in 2019

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; small upward move in interest rates projected in 2019

Dairy prices eke out a small gain; economists see an extended period of consolidation as 'possible'

Dairy prices eke out a small gain; economists see an extended period of consolidation as 'possible'

CPI rose 0.4% in December quarter against 0.3% market expectations; 1.3% inflation for the year; first time inflation has breached 1% in two years, taking it back into the RBNZ's targeted 1% to 3% band

CPI rose 0.4% in December quarter against 0.3% market expectations; 1.3% inflation for the year; first time inflation has breached 1% in two years, taking it back into the RBNZ's targeted 1% to 3% band

ANZ economists caution the Reserve Bank against making another false move against anticipated inflation

ANZ economists caution the Reserve Bank against making another false move against anticipated inflation

Prices of dairy products gain a further 4.5% at auction; Whole Milk Powder firms 3.2%, with the price now nearly two-thirds higher than it was in July; lift in milk price forecast from Fonterra seen likely 'any time soon'

Prices of dairy products gain a further 4.5% at auction; Whole Milk Powder firms 3.2%, with the price now nearly two-thirds higher than it was in July; lift in milk price forecast from Fonterra seen likely 'any time soon'

Prices of dairy products soar by 11.4%; Whole Milk Powder jumps 19.8% to a 2-year high; ANZ economists see 'upside risks' to milk price forecasts - perhaps to above $6

Prices of dairy products soar by 11.4%; Whole Milk Powder jumps 19.8% to a 2-year high; ANZ economists see 'upside risks' to milk price forecasts - perhaps to above $6