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NZ economy

New Zealand aims to triple trade with Thailand over two decades as South East Asia’s middle class grows
18th Apr 24, 6:53am
3
New Zealand aims to triple trade with Thailand over two decades as South East Asia’s middle class grows
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
14
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
[updated]
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
17th Apr 24, 10:57am
139
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
Small countries should take a stand against 'law of the jungle' and promote free trade, Christopher Luxon and Lee Hsien Loong say
16th Apr 24, 6:59am
16
Small countries should take a stand against 'law of the jungle' and promote free trade, Christopher Luxon and Lee Hsien Loong say
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
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
128
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
Pricing intentions in NZIER’s quarterly survey are falling closer to the long-run average as demand weakens and firms let staff go
9th Apr 24, 4:56pm
6
Pricing intentions in NZIER’s quarterly survey are falling closer to the long-run average as demand weakens and firms let staff go
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
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
5th Apr 24, 10:17am
5
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
Finance Minister Nicola Willis faces surplus slipping beyond 2028 as economic forecast worsens
27th Mar 24, 1:27pm
77
Finance Minister Nicola Willis faces surplus slipping beyond 2028 as economic forecast worsens
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy
25th Mar 24, 3:40pm
15
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy
Economic activity has fallen for five consecutive quarters as New Zealanders wait for the RBNZ to give growth the green light
22nd Mar 24, 7:14am
210
Economic activity has fallen for five consecutive quarters as New Zealanders wait for the RBNZ to give growth the green light
New Zealand’s gross domestic product per person dropped 0.7% during December quarter as retailers offloaded inventory
21st Mar 24, 10:48am
265
New Zealand’s gross domestic product per person dropped 0.7% during December quarter as retailers offloaded inventory
Inbound tourism helps reduce New Zealand's current account deficit by more than $7 billion in 2023
20th Mar 24, 11:41am
11
Inbound tourism helps reduce New Zealand's current account deficit by more than $7 billion in 2023
Forsyth Barr sees a light at the end of the tunnel after ‘worst year on record’ for NZX-listed companies
14th Mar 24, 7:06am
27
Forsyth Barr sees a light at the end of the tunnel after ‘worst year on record’ for NZX-listed companies
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
8th Mar 24, 10:02am
27
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
4th Mar 24, 7:31am
73
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
Ministers refused to make contact or accept briefings from the Productivity Commission after it heard it would be disestablished through the media
28th Feb 24, 11:50am
29
Ministers refused to make contact or accept briefings from the Productivity Commission after it heard it would be disestablished through the media
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
9th Feb 24, 1:32pm
80
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
9th Feb 24, 12:33pm
12
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
The Coalition Government is slowing minimum wage increases below inflation but research suggests the policy settings don’t matter that much for the wider economy
8th Feb 24, 12:10pm
18
The Coalition Government is slowing minimum wage increases below inflation but research suggests the policy settings don’t matter that much for the wider economy
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
Treasury advised the new Finance Minister to stick to the fiscal rules and explore possible tax reforms
5th Feb 24, 12:31pm
33
Treasury advised the new Finance Minister to stick to the fiscal rules and explore possible tax reforms
Toilet rolls are getting cheaper as global shipping costs fall but services stay sticky as wages grow
28th Jan 24, 6:00am
93
Toilet rolls are getting cheaper as global shipping costs fall but services stay sticky as wages grow
Reserve Bank finally convinces politicians to support debt-to-income restrictions for home loan borrowers after years of lobbying
25th Jan 24, 4:12pm
50
Reserve Bank finally convinces politicians to support debt-to-income restrictions for home loan borrowers after years of lobbying