Australia & New Zealand Economics Weekly Plans to double migration sound good in theory The new NSW premier has received advice that Australia should double the pace of migration in the coming years to make up for lost population growth. That plan would help ease labour shortages, boost... 15th October 2021 · 5 mins read
Australia & New Zealand Economic Outlook Rising inflationary pressures to prompt tightening Domestic demand is set to rebound from recent lockdowns and labour markets should remain tight. Meanwhile, soaring energy and food prices will keep inflation high for a prolonged period. To be sure... 14th October 2021 · 25 mins read
Australia & New Zealand Economics Weekly RBA’s dovish stance set to be challenged While the RBNZ this week hiked interest rates by 25bp and signalled that more is to come, the RBA remained dovish. That makes sense in light of the continued weakness in underlying inflation and wage... 8th October 2021 · 5 mins read
Australia & New Zealand Economics Update RBNZ to continue hiking rates as restrictions ease The RBNZ’s decision to begin its hiking cycle while Auckland is still in lockdown highlights that the New Zealand economy is on the brink of overheating. And as restrictions ease, we think the Bank... 6th October 2021 · 3 mins read
Australia & New Zealand Economics Weekly Soaring food and energy prices to keep inflation high The spike in rural commodity prices should spill over into higher food inflation before long. And while the impact of higher energy commodity prices is less clear cut, we think electricity inflation... 1st October 2021 · 7 mins read
Australia & New Zealand Chart Pack Early signs of second-round effects from soaring prices The RBA expects headline inflation to drop back from 3.8% in Q2 to 1.5% by mid-2022. By contrast, we now only expect it to fall to 2.5% over this period, reflecting the pass-through from soaring coal... 30th September 2021 · 11 mins read
RBNZ Watch RBNZ finally set to hike rates New Zealand has slowed the spread of the Delta variant and eased its lockdown, which stopped the RBNZ from hiking in August. And the RBNZ still seems keen to hike rates given the red-hot economy. We... 29th September 2021 · 7 mins read
Australia & New Zealand Economics Weekly APRA to impose lending restrictions by mid-2022 While house prices have surged, household debt remains contained and lending standards remain sound overall. However, housing credit growth is set to accelerate and there are already signs that some... 24th September 2021 · 5 mins read
Australia & New Zealand Economics Update Rising household debt will limit scope for rate hikes High and rising household debt in Australia and New Zealand will limit central banks’ scope to hike interest rates. The upshot is that we expect the RBNZ to hike rates by a modest 125bp in the... 23rd September 2021 · 3 mins read
DM Markets Chart Pack Japan’s stock market may not go from strength to strength We don’t expect the recent surge in Japan’s stock market to last, and think it will make much smaller gains over the next couple of years. 17th September 2021 · 8 mins read
Australia & New Zealand Data Response New Zealand GDP (Q2 2021) The strength in activity in Q2 was partly driven by the travel bubble which burst in Q3 as New Zealand went into lockdown. While we expect domestic demand to recover toward the end of the year... 16th September 2021 · 3 mins read
Australia & New Zealand Economics Weekly Reopening imminent but won’t start with a bang ‘Freedom day’ in New South Wales could be reached in little over a month. But the new freedoms will only be given to vaccinated residents. And the slower progress on vaccination in other states mean... 10th September 2021 · 6 mins read
Australia & New Zealand Economics Update RBNZ to press ahead with tightening Economic activity in New Zealand took a significant hit as the country was plunged into its strictest level of lockdown in August. But New Zealand’s success at taming the virus means output should... 9th September 2021 · 5 mins read
Australia & New Zealand Economics Weekly Hospitalisations could pose risk to reopening New South Wales and Victoria look set to remain under heavy restrictions until the vaccinations thresholds can be met. But with cases and hospitalisations surging there is a risk that hospitals will... 3rd September 2021 · 5 mins read
Australia & New Zealand Economics Weekly Reopening moving closer as vaccine rollout speeds up The easing of restrictions for vaccinated people in New South Wales announced today fell short of expectations but with the vaccine rollout accelerating, Australia’s lockdowns should end towards the... 27th August 2021 · 6 mins read
Australia & New Zealand Chart Pack Delta not clipping the wings of RBNZ hawks yet New Zealand has entered a draconian lockdown and new infections continue to rise. The lockdown prompted the RBNZ to refrain from hiking interest rates at its August meeting and financial markets were... 26th August 2021 · 11 mins read
