Shadow Board is divided over whether the Reserve Bank should increase the OCR in May
May 22, 2023
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 22 May 2023 Read more
Unmasking COVID-19’s economic impact: A data-driven analysis of the COVID-19 lockdowns - NZIER working paper 2023-01
April 6, 2023
COVID-19 has been one of the most significant disruptions to the global economy since the Global Financial Crisis and has changed how we operate. Some trends have returned to normal, but others have permanently changed. Read more
Shadow Board recommends a smaller OCR increase of 25 basis points by the Reserve Bank in April
April 3, 2023
Shadow Board members recommend a smaller hike in the Official Cash Rate (OCR) in the Reserve Bank’s upcoming April Monetary Policy Review. The majority view was an OCR increase of 25 basis points, given inflation pressures are still high in the economy and inflation expectations remai … Read more
NZIER Consensus Forecasts show much weaker growth in 2024 - March 2023
March 13, 2023
The latest NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy but a downward revision for the subsequent two years. Annual average GDP growth is forecast to slow to 0.3 percent for the year to March 2024 before picking up to … Read more
Four ways to improve climate change policy and why - NZIER Insight 106
February 23, 2023
Climate change is becoming more apparent in the recent succession of major adverse weather events, and New Zealand’s policy on climate change has also stepped up a gear after decades of apparently minimal activity. Looking at the nature of the climate change challenge, the economics o … Read more
Shadow Board recommends the Reserve Bank increases the OCR by 50 basis points in February
February 20, 2023
Shadow Board members recommend that the Reserve Bank continue increasing the Official Cash Rate (OCR). The broad view was a 50 basis-points increase in the OCR at the Reserve Bank’s February meeting, given inflation pressures in the New Zealand economy remain strong. Only one member r … Read more
Overcoming preconceptions: How big data can gain a social licence in New Zealand - NZIER Insight 105
January 25, 2023
NZIER Insight 105 is a companion to NZIER Insight 103, in which we examined how the Integrated Data Infrastructure (IDI), administered by Stats NZ, is used in New Zealand for research and how this is helping us to make better policy decisions. In Insight 105, we examine how the IDI c … Read more
NZIER Consensus Forecasts show a weaker economic outlook for years beyond 2024 - December 2022
December 12, 2022
The latest NZIER Consensus Forecasts show a stronger starting point for the New Zealand economy over the coming year but a downward revision for 2025 and 2026. Although the economy appears resilient despite the sharp rise in interest rates over the past year, expectations that intere … Read more
