Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Nov. 2023) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. We believe that central banks in both Australia and New Zealand are done... 17th November 2023 · 1 min read
Australia & New Zealand Economics Weekly Labour market to loosen, infrastructure outlays to ease Data released this week showed that Australia's labour market remained tight in October, while wage growth accelerated to a 14-year high in Q3. However, with leading indicators suggesting that the... 17th November 2023 · 3 mins read
Australia & New Zealand Economics Weekly Antipodean central banks are done tightening The RBA's decision to lift rates by 25bp earlier this week does not mark a full-fledged resumption of its hiking cycle. Rather, we believe the Bank was simply taking out additional insurance to make... 10th November 2023 · 6 mins read
Australia & New Zealand Economics Weekly Recession still likely in Australia Timely data suggest that both goods and services consumption gained traction last quarter. Therefore, even with a huge drag on growth from net trade, it increasingly appears that the economy managed... 3rd November 2023 · 5 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q3 2023) With the balance of demand and supply in the labour market showing further improvement, we’re more convinced than ever that the Reserve Bank of New Zealand won’t lift rates any higher. 31st October 2023 · 2 mins read
Global Markets Update New forecasts for developed market government bonds In line with our upwardly revised forecasts for the 10-year US Treasury yield, we’ve raised our projections for 10-year government bond yields in most other developed market economies. But we still... 27th October 2023 · 5 mins read
Australia & New Zealand Economics Weekly Stakes rise for RBA’s November policy decision With inflation surprising on the upside and the labour market running out of spare capacity, the case for the RBA to tighten policy has never been more compelling. Although RBA Governor Michele... 27th October 2023 · 8 mins read
Australia & New Zealand Economics Weekly Tight labour market bolsters case for a final rate hike The decline in Australia's labour force in September reinforces our view that net migration is providing less of a boost to labour supply than many had anticipated. Indeed, NAB's Q3 business survey... 20th October 2023 · 5 mins read
Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q3 2023) 16th October 2023 · 2 mins read
Australia & New Zealand Economics Weekly New Zealand elections won’t usher in major changes Opinion polls in the run up to tomorrow’s general election in New Zealand suggest that the centre-right National party is in pole position to wrest power from the incumbent, centre-left Labour party... 13th October 2023 · 6 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Oct. 2023) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Central banks in both Australia and New Zealand are likely to retain their... 10th October 2023 · 1 min read
Australia & New Zealand Economics Weekly Resurgence in price pressures won’t last The Melbourne Institute’s timely inflation gauge suggests that trimmed inflation is likely to overshoot the RBA’s expectations for Q3. Although the Board left rates on hold this week, we therefore... 6th October 2023 · 4 mins read
Asset Allocation Update Bonds in Australia, NZ & Canada could outperform Treasuries We think the yields of 10-year government bonds in Australia, New Zealand and Canada will diverge from the yield of 10-year US Treasuries – which they have tracked very closely this year – over time... 5th October 2023 · 4 mins read
Australia & New Zealand Economics Update RBNZ’s next move will be down With its assessment of the balance of risks broadly unchanged, the Reserve Bank of New Zealand left rates on hold at its meeting today. Although the Bank will likely retain its tightening bias, we... 4th October 2023 · 3 mins read
Capital Daily Australian bonds could yet decouple from US Treasuries We think that the yields of Australian long-term sovereign bonds will fall by a bit less than those of US Treasuries over the next couple of years, even though they’ve moved in lockstep lately. But... 3rd October 2023 · 4 mins read
