Australia & New Zealand Economics Update RBA holds its nerve on global economy The Reserve Bank of Australia’s February Statement on Monetary Policy confirms that the chances of a near-term reduction in interest rates remains slim. Nonetheless, there are a number of factors that... 5th February 2016 · 1 min read
Australia & New Zealand Economics Update RBA feeling the heat from China slowdown While the Reserve Bank of Australia acknowledged the threat posed by a weaker global economy when it left interest rates on hold at 2.0% today, we don’t think it went far enough. With the outlook for... 2nd February 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ opens door to more rate cuts The Reserve Bank of New Zealand’s hint that the weakening outlook for inflation means that interest rates may have to be reduced this year from the current rate of 2.5% supports our long-held view... 28th January 2016 · 1 min read
Australia & New Zealand Economics Update Equity price falls won’t lead to a much weaker economy While we remain more concerned than most about the Australian economy, we don’t think that the recent sharp falls in equity prices will filter through into much weaker economic growth. 11th January 2016 · 1 min read
Australia & New Zealand Economics Update LNG to the rescue? A surge in LNG exports means that, despite a slowdown in the growth of iron ore exports, resources exports will probably continue to offset some of the ongoing falls in mining investment. That said... 6th January 2016 · 1 min read
Australia & New Zealand Economics Update Four charts on what’s next for house price inflation A variety of forward-looking indicators suggests that house price inflation has well and truly peaked and that a sizeable slowdown lies ahead. House price inflation could even grind to a complete halt... 14th December 2015 · 1 min read
Australia & New Zealand Economics Update New Zealand: 2.5% won’t be the floor After cutting interest rates today from 2.75% back to the record low of 2.50% seen during the Global Financial Crisis, the Reserve Bank of New Zealand sent a strong signal that it doesn’t think rates... 10th December 2015 · 1 min read
Australia & New Zealand Economics Update No Christmas gift from the RBA, but rates to fall next year Even though the Reserve Bank of Australia has now left interest rates on hold at 2.0% for seven meetings and appears to be going cold on the idea of further cuts, we still think that a weakening in... 1st December 2015 · 1 min read
Australia & New Zealand Economics Update New Zealand - Rebound in activity will be short-lived Although GDP growth probably rebounded in the third quarter, New Zealand’s economy isn’t in the clear just yet as the full impact of the collapse in the dairy price is still working its way through... 19th November 2015 · 1 min read
Australia & New Zealand Economics Update Low inflation will soon prompt RBA to cut again Although the Reserve Bank of Australia (RBA) once again decided to leave interest rates on hold at 2.0%, the new line in the statement that "the outlook for inflation may afford scope for further... 3rd November 2015 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ has more work to do Today's decision by the Reserve Bank of New Zealand (RBNZ) to leave interest rates at 2.75% is just a pause in a loosening cycle that we believe will end with rates falling to 2.00%. And the news that... 29th October 2015 · 1 min read
Australia & New Zealand Economics Update Rate cuts will come back onto the RBA’s agenda before long By leaving interest rates on hold at 2.0% for the fifth month in a row today, the Reserve Bank of Australia (RBA) demonstrated that the recent falls in equity prices have not increased its appetite... 6th October 2015 · 1 min read
Australia & New Zealand Economics Update New Zealand - Another step on the way down to rates of 2.0% The most important part of today’s policy announcement by the Reserve Bank of New Zealand is not the third consecutive 0.25% cut in interest rates, to 2.75%, but the Bank’s growing acceptance that a... 10th September 2015 · 1 min read
Australia & New Zealand Economics Update RBA may yet have to change tack on rates While the Reserve Bank of Australia’s (RBA) decision to leave interest rates on hold at 2.0% for the fourth meeting in row suggests that the chances of further rate cuts have faded further, we still... 1st September 2015 · 1 min read
Australia & New Zealand Economics Update Equity price falls don’t materially alter economic outlook While we remain more concerned than most about the Australian economy, we don’t think that the recent sharp falls in equity prices will filter through into much weaker investment or consumption. 24th August 2015 · 1 min read
Australia & New Zealand Economics Update Chances of RBA rate cuts fading, but not disappearing The Reserve Bank of Australia’s decision to leave interest rates on hold at 2.0% for a third consecutive month appears to diminish the chances that rates will eventually fall to 1.5% as we have been... 4th August 2015 · 1 min read
