Asia Economics Update New Zealand still on track to lift rates in early 2011 The Reserve Bank of New Zealand (RBNZ), to no-one’s surprise, today kept policy rates unchanged at 3.0%. In coming months, we expect that the activity data will surprise on the upside while the RBNZ... 28th October 2010 · 1 min read
Asia Economics Update New Zealand's GDP growth to stay on a weak track New Zealand’s Q2 GDP data, released today, were poor. Reconstruction work following then earthquake will lift growth over the next 12 months but high headline figures will hide an underlying trend... 23rd September 2010 · 1 min read
Asia Economics Update New Zealand's monetary tightening on hold into 2011 The Reserve Bank of New Zealand (RBNZ) today kept policy rates on hold at 3.0%, as expected. The aftermath of the earthquake will inevitably cause some disruption in coming months but the RBNZ even... 16th September 2010 · 1 min read
Asia Economics Weekly New Zealand’s Reserve Bank to pause early The 4th September earthquake in Christchurch means that it is virtually certain that the Reserve Bank of New Zealand (RBNZ) will keep its cash rate unchanged at 3.0%. Recent economic data have been... 13th September 2010 · 1 min read
Asia Economics Update New Zealand's central bank to pause in September The weekend earthquake in the South Island makes it virtually certain that the Reserve Bank of New Zealand (RBNZ) will pause its monetary policy tightening next week. The latest shock comes on top of... 6th September 2010 · 1 min read
Asia Economics Update New Zealand's central bank likely to pause early The Reserve Bank (RBNZ) lifted its cash rate by 25bp to 3.0% overnight, as expected. Exports should remain a bright spot but domestic indicators have been softer than anticipated by the RBNZ and will... 29th July 2010 · 1 min read
Asia Economics Update New Zealand rates to rise this week but a pause is close Economic growth in New Zealand will probably fall short of what the Reserve Bank (RBNZ), and the consensus, currently expect. The cash rate is virtually certain to move up this week but the tightening... 26th July 2010 · 1 min read
Asia Economics Update New Zealand set for a sub-par upswing Data released overnight showed that New Zealand’s economy expanded again in Q1, albeit at a slower pace than at the end of 2009. The recovery should not come under serious threat in coming quarters... 24th June 2010 · 1 min read
Asia Economics Weekly New Zealand set for a long hard slog New Zealand’s GDP looks to have expanded in Q1, albeit at a slower q/q pace than at the end of 2009. The recovery should not come under serious threat in coming quarters but is likely to be sluggish... 21st June 2010 · 1 min read
Asia Economics Update New Zealand to move gradually from now on The Reserve Bank (RBNZ) earlier today lifted its cash rate by 25bp to 2.75%, as expected. The local economic upswing should continue, despite the increased external risks, but the recovery will... 10th June 2010 · 1 min read
Asia Economics Update New Zealand’s Budget moving in the right direction Today’s Budget in New Zealand aims to boost savings and business spending, whilst pulling back consumption and investment in the property market. The target is to eliminate the budget deficit by 2015... 20th May 2010 · 1 min read
Asia Economics Weekly New Zealand’s budget to focus on tax reform A hike in the GST, and reforms designed to lift investment, will be the centrepiece of this week’s New Zealand budget. The changes overall are likely to be fiscally neutral in 2010-11 to help protect... 17th May 2010 · 1 min read
Asia Economics Update New Zealand set to hike policy rates soon The Reserve Bank of New Zealand (RBNZ) held its cash rate at 2.50% overnight, as expected. In its guidance on future moves, the RBNZ stated that it would tighten in “coming months”, which means either... 29th April 2010 · 1 min read
Asia Economics Update New Zealand still on track for mid-year hike The Reserve Bank of New Zealand (RBNZ) as expected left its cash rate unchanged at 2.5% overnight and, crucially, retained its commitment to start lifting rates from around the middle of 2010. The... 11th March 2010 · 1 min read
Asia Economics Focus How big a threat is New Zealand’s negative savings rate? New Zealand’s household savings rate has been negative since the early 1990s and has now widened to around 14% of disposable income. The gap between spending and income should narrow over the next few... 9th February 2010 · 1 min read
Asia Economics Update New Zealand still set to hike from mid-year The Reserve Bank of New Zealand (RBNZ) as expected left its cash rate unchanged at 2.5% overnight and, crucially, retained its commitment to start lifting rates from around the middle of this year... 28th January 2010 · 1 min read
