Stephen Toplis
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
17
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
11th Apr 24, 7:39am
39
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
7th Apr 24, 6:00am
80
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
59
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
[updated]
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
13th Mar 24, 11:31am
12
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Tell us what you think as we seek feedback on our Of Interest Podcast
Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
18th Feb 24, 6:00am
53
Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
With the Reserve Bank having little choice but to dig its toes in to fight non-tradeable inflation, Gareth Vaughan hopes the Government has an open mind to providing long-term support
8th Feb 24, 5:00am
47
With the Reserve Bank having little choice but to dig its toes in to fight non-tradeable inflation, Gareth Vaughan hopes the Government has an open mind to providing long-term support
Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
7th Feb 24, 2:04pm
58
Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
30th Jan 24, 12:53pm
55
BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
[updated]
Inflation was cooler in the December quarter than any other in the past three years but still too hot for the Reserve Bank’s to consider cutting the Official Cash Rate
24th Jan 24, 2:46pm
45
Inflation was cooler in the December quarter than any other in the past three years but still too hot for the Reserve Bank’s to consider cutting the Official Cash Rate
Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about
21st Jan 24, 6:00am
76
Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about
The BNZ/SEEK Employment Report shows that the number of applications per job advertisement has now hit unprecedented levels
16th Jan 24, 11:03am
18
The BNZ/SEEK Employment Report shows that the number of applications per job advertisement has now hit unprecedented levels
Finance Minister Nicola Willis wants Treasury to report fiscal risks more clearly
20th Dec 23, 6:15pm
52
Finance Minister Nicola Willis wants Treasury to report fiscal risks more clearly
BNZ Head of Research Stephen Toplis on the NZ economy 'bouncing along the bottom' and what to expect in 2024
17th Dec 23, 7:00am
129
BNZ Head of Research Stephen Toplis on the NZ economy 'bouncing along the bottom' and what to expect in 2024
The Reserve Bank says it is willing to raise rates to offset increased demand from population growth
30th Nov 23, 7:48am
21
The Reserve Bank says it is willing to raise rates to offset increased demand from population growth
Economists rule out November rate hike as inflation falls as RBNZ had forecast
17th Oct 23, 2:31pm
64
Economists rule out November rate hike as inflation falls as RBNZ had forecast
A National-led government could push property prices higher and food prices lower, but clash with New Zealand’s climate goals and potentially exacerbate inequality
12th Oct 23, 4:11pm
104
A National-led government could push property prices higher and food prices lower, but clash with New Zealand’s climate goals and potentially exacerbate inequality
The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
4th Oct 23, 2:37pm
42
The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
3rd Oct 23, 2:01pm
59
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
28th Sep 23, 1:28pm
18
The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
21st Aug 23, 9:41am
20
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
17th Aug 23, 5:00am
21
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
14th Aug 23, 11:37am
17
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
[updated]
RBNZ hits pause after two years of OCR hikes as economy shows signs of slowing. Says house prices at 'more sustainable levels'
12th Jul 23, 2:15pm
128
RBNZ hits pause after two years of OCR hikes as economy shows signs of slowing. Says house prices at 'more sustainable levels'