Australia & New Zealand Economics Update RBNZ still on track to cut rates to 2.25% We expect the Reserve Bank of New Zealand to cut its policy rate by 50bp, to 4.25%, at its meeting next week. With inflation back at target, the labour market loosening rapidly and activity in the... 20th November 2024 · 6 mins read
Australia & New Zealand Economics Update RBNZ will deliver a 50bp cut next Wednesday We expect the RBNZ to move its easing cycle up a gear and cut the Official Cash Rate by 50bp at its meeting next week. What’s more, given the Bank’s tendency to loosen policy aggressively, we think... 2nd October 2024 · 6 mins read
Australia & New Zealand Economics Update RBNZ to kickstart its easing cycle next week We are in the minority of forecasters who expect the Reserve Bank of New Zealand to hand down a 25bp rate cut at its meeting next week. Moreover, with excess capacity in the economy rising rapidly, we... 7th August 2024 · 5 mins read
Australia & New Zealand Economics Update RBNZ’s tightening bias is on its last legs We expect the RBNZ to leave rates on hold for a seventh consecutive time at its meeting next Wednesday. To be sure, the Bank will probably strike a hawkish tone out of an abundance of caution. However... 3rd July 2024 · 5 mins read
Australia & New Zealand Economics Update RBNZ to cut rates more aggressively than most expect We expect the RBNZ to leave policy settings unchanged at its meeting next week. Although the domestic economic backdrop is clearly weak, lingering risks around inflation persistence means policy... 14th May 2024 · 6 mins read
Australia & New Zealand Economics Update RBNZ will start loosening policy in Q3 We expect the RBNZ to hold rates steady at its meeting next Wednesday. But with the economy in a deep slump and inflation clearly on the way down, the Committee is likely to tone down its tightening... 3rd April 2024 · 5 mins read
Australia & New Zealand Economics Update RBNZ will continue to watch, worry, and wait With activity and inflation both softer than it had expected a few months ago, the RBNZ will likely stay put at its meeting at the end of the month. However, with a still-tight labour market fuelling... 14th February 2024 · 6 mins read
RBNZ Watch RBNZ will signal that tightening cycle is over The labour market is weakening in earnest and inflation is falling faster than anticipated. The Reserve Bank of New Zealand therefore won’t lift interest rate any further at its upcoming meeting on 29... 22nd November 2023 · 8 mins read
RBNZ Watch RBNZ will deliver another hawkish hold Although economic activity has held up reasonably well thus far, we still think it will see another leg down. Accordingly, we’re sticking with our view that the RBNZ won’t lift rates any higher. That... 26th September 2023 · 6 mins read
RBNZ Watch RBNZ done hiking, rate cuts in Q1 2024 With inflation coming off the boil and labour market conditions starting to turn, we suspect that Reserve Bank of New Zealand will not lift interest rates any higher. To be sure, the Bank is likely to... 9th August 2023 · 7 mins read
RBNZ Watch RBNZ to stay put, rate cuts only in Q1 2024 Having raised rates more aggressively than any other developed market central bank, we think the RBNZ’s tightening cycle is now over. The Bank has already succeeded in sending the economy into... 5th July 2023 · 7 mins read
RBNZ Watch RBNZ will hike to 5.75% in July The latest data don’t tell a compelling story as far as the outlook for inflation and the economy are concerned. Although inflation expectations are falling, measures of underlying inflation are still... 17th May 2023 · 7 mins read
RBNZ Watch RBNZ will slow the pace of tightening With the latest economic data coming in weaker than it had anticipated, the RBNZ will likely opt for a smaller 25bp hike to the official cash rate (OCR) at its upcoming meeting on April 5th. We expect... 29th March 2023 · 7 mins read
RBNZ Watch RBNZ will press ahead with another 75bp hike The incoming data have been a touch softer than the RBNZ had anticipated. While we still expect the Bank to press ahead with the 75bp hike it signalled in November at the upcoming meeting on 22 nd... 15th February 2023 · 7 mins read
RBNZ Watch Rates will peak at 5.0% but will be cut by end-2023 With the labour market and inflation going from strength to strength and the next meeting three months away, we expect the Reserve Bank of New Zealand to hike the overnight cash rate by 75bp at its... 16th November 2022 · 7 mins read
RBNZ Watch RBNZ will hike rates all the way to 4.5% With GDP growth holding up and food inflation climbing to a fresh high, the Reserve Bank of New Zealand will hike rates by another 50bp to 3.5% at its upcoming meeting on 5th October. And with the... 28th September 2022 · 7 mins read
