Stephen Toplis
BNZ economists doubt the Reserve Bank's ability to 'impact outcomes' in the current economic environment
6th May 19, 2:26pm
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BNZ economists doubt the Reserve Bank's ability to 'impact outcomes' in the current economic environment
As if the first Official Cash Rate decision to be made by the new Monetary Policy Committee wasn't intriguing enough, there's also a fair chance we may see the first rate cut since 2016
3rd May 19, 10:05am
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As if the first Official Cash Rate decision to be made by the new Monetary Policy Committee wasn't intriguing enough, there's also a fair chance we may see the first rate cut since 2016
As the chance of RBA rate cuts rise, it is wrong to think the RBNZ will follow as momentum here is very different and the RBNZ is meeting its targets, BNZ's Stephen Toplis says
14th Mar 19, 5:00am
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As the chance of RBA rate cuts rise, it is wrong to think the RBNZ will follow as momentum here is very different and the RBNZ is meeting its targets, BNZ's Stephen Toplis says
The 2018 Interesties featuring Adrian Orr, Jacinda Ardern, Nouriel Roubini, Donald Trump, Winston Peters, Simon Bridges, Co-op Money, Bitcoin, @TranslateRealDT, Boatman, KiwiBuild & more
23rd Dec 18, 7:02am
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The 2018 Interesties featuring Adrian Orr, Jacinda Ardern, Nouriel Roubini, Donald Trump, Winston Peters, Simon Bridges, Co-op Money, Bitcoin, @TranslateRealDT, Boatman, KiwiBuild & more
Falling manufacturing sales prompt BNZ to lower expectations of next week's GDP figures, while economists say economic growth figures could fall short of the Reserve Bank's expectations
10th Dec 18, 2:42pm
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Falling manufacturing sales prompt BNZ to lower expectations of next week's GDP figures, while economists say economic growth figures could fall short of the Reserve Bank's expectations
Stats NZ says unemployment rate now lowest since June 2008; Employment rate at 68.3% is highest since the series began 30 years ago; wage growth remains subdued
7th Nov 18, 11:12am
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Stats NZ says unemployment rate now lowest since June 2008; Employment rate at 68.3% is highest since the series began 30 years ago; wage growth remains subdued
BNZ’s Head of Research Stephen Toplis is clearly not as optimistic as the Reserve Bank or the Government when it comes to NZ’s future growth – but why?
20th Aug 18, 7:50am
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BNZ’s Head of Research Stephen Toplis is clearly not as optimistic as the Reserve Bank or the Government when it comes to NZ’s future growth – but why?
Housing Minister Phil Twyford says 'affordable' KiwiBuild home prices less likely to be affected by fluctuating market than higher valued homes
15th Aug 18, 3:52pm
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Housing Minister Phil Twyford says 'affordable' KiwiBuild home prices less likely to be affected by fluctuating market than higher valued homes
Westpac Chief Economist Dominick Stephens says the Adrian Orr-led RBNZ appears to be considering OCR reductions and is less inclined towards hikes
14th Aug 18, 12:21pm
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Westpac Chief Economist Dominick Stephens says the Adrian Orr-led RBNZ appears to be considering OCR reductions and is less inclined towards hikes
The Reserve Bank surprised financial markets by saying it does not expect the next OCR move to be until 2020, but why has Governor Orr suddenly become so much more dovish?
9th Aug 18, 12:41pm
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The Reserve Bank surprised financial markets by saying it does not expect the next OCR move to be until 2020, but why has Governor Orr suddenly become so much more dovish?
NZ’s economic cycle is very much into the mature phase, according to BNZ’s Stephen Toplis, who says rising international interest rates could spell trouble for the Kiwi economy
26th Jul 18, 5:00am
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NZ’s economic cycle is very much into the mature phase, according to BNZ’s Stephen Toplis, who says rising international interest rates could spell trouble for the Kiwi economy
Infometrics is expecting GDP growth of roughly 2% a year until 2021 – 1% under Treasury’s forecast – and the regions are expected to do the economic heavy lifting
19th Jul 18, 9:17am
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Infometrics is expecting GDP growth of roughly 2% a year until 2021 – 1% under Treasury’s forecast – and the regions are expected to do the economic heavy lifting
Finance Minister and Opposition Finance Spokeswoman spar in Parliament after economic growth in the first quarter of the year comes in at a lacklustre 0.5%, with no movement on per capita GDP
21st Jun 18, 4:44pm
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Finance Minister and Opposition Finance Spokeswoman spar in Parliament after economic growth in the first quarter of the year comes in at a lacklustre 0.5%, with no movement on per capita GDP
The Reserve Bank Governor has already won over the bank economists with his new style of upfront and simple communication
10th May 18, 1:07pm
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The Reserve Bank Governor has already won over the bank economists with his new style of upfront and simple communication
In his last public move in the job, Acting RBNZ Governor Grant Spencer gave a very ho-hum OCR review – but he did give the man who will be taking the bank’s reins next week a small parting gift
22nd Mar 18, 1:35pm
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In his last public move in the job, Acting RBNZ Governor Grant Spencer gave a very ho-hum OCR review – but he did give the man who will be taking the bank’s reins next week a small parting gift
BNZ economists say the Reserve Bank should back up tighter monetary policy emphasis by bringing the date of the first interest rate rises forward
6th Nov 17, 2:46pm
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BNZ economists say the Reserve Bank should back up tighter monetary policy emphasis by bringing the date of the first interest rate rises forward
BNZ's Stephen Toplis outlines case for the RBNZ to cut the Official Cash Rate, if taking a purely 'mechanistic approach' to monetary policy
1st Aug 17, 9:40am
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BNZ's Stephen Toplis outlines case for the RBNZ to cut the Official Cash Rate, if taking a purely 'mechanistic approach' to monetary policy
BNZ pushes OCR hike track from Q1 to mid-2018 with 'trepidation'; Says Governor change, election makes forecasting harder; Notes weak Q2 inflation guides, but maintains capacity pressure & growth mean tightening bias is needed
30th Jun 17, 9:21am
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BNZ pushes OCR hike track from Q1 to mid-2018 with 'trepidation'; Says Governor change, election makes forecasting harder; Notes weak Q2 inflation guides, but maintains capacity pressure & growth mean tightening bias is needed
David Hargreaves wants to see a new Reserve Bank Governor who is thick-skinned and accepts that people will disagree with them
15th Jun 17, 3:17pm
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David Hargreaves wants to see a new Reserve Bank Governor who is thick-skinned and accepts that people will disagree with them
Finance Minister Joyce says not getting involved in Reserve Bank Governor Wheeler's complaints about BNZ economist's criticism of Reserve Bank's monetary policy stance
15th Jun 17, 3:07pm
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Finance Minister Joyce says not getting involved in Reserve Bank Governor Wheeler's complaints about BNZ economist's criticism of Reserve Bank's monetary policy stance
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
11th May 17, 9:05am
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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
BNZ economists now predict rate hikes early next year and the RBNZ will be 'negligent' if it doesn't explicitly indicate higher interest rates in future when it reviews the OCR ths week
8th May 17, 2:35pm
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BNZ economists now predict rate hikes early next year and the RBNZ will be 'negligent' if it doesn't explicitly indicate higher interest rates in future when it reviews the OCR ths week
Reserve Bank says monetary policy will be accommodative for a considerable period and numerous uncertainties remain
23rd Mar 17, 9:06am
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Reserve Bank says monetary policy will be accommodative for a considerable period and numerous uncertainties remain
Inflationary risks are rising, but NZIER Shadow Board agrees the Reserve Bank should hold fire before raising interest rates
21st Mar 17, 3:28pm
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Inflationary risks are rising, but NZIER Shadow Board agrees the Reserve Bank should hold fire before raising interest rates
BNZ economists disagree with the Reserve Bank's view that the risks are equal of interest rates moving up or down; BNZ sees inflation much higher and economic growth much lower than central bank predicts
13th Mar 17, 3:06pm
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BNZ economists disagree with the Reserve Bank's view that the risks are equal of interest rates moving up or down; BNZ sees inflation much higher and economic growth much lower than central bank predicts