Shadow Board recommends a further 25 basis-point OCR cut in November
November 24, 2025
The majority of members in the NZIER Monetary Policy Shadow Board recommend that the Reserve Bank of New Zealand (RBNZ) reduce the OCR by 25 basis points to 2.25 percent in the upcoming November Monetary Policy Statement. With the New Zealand economy starting to recover from a low bas … Read more
Majority of Shadow Board members recommend a 25 basis-point OCR cut in October
October 6, 2025
The NZIER Monetary Policy Shadow Board recommends that the Reserve Bank of New Zealand (RBNZ) continue to cut the OCR in the upcoming October Monetary Policy Review, with the majority of members recommending a 25 basis-point cut. This reflects the view that excess capacity in the New … Read more
NZIER Consensus Forecasts point to a downward revision in the pace of economic recovery over the coming year
September 15, 2025
The latest NZIER Consensus Forecasts show a downward revision to the growth outlook for the year ending March 2026, relative to the previous release of Consensus Forecasts. Annual average GDP is forecast to increase by 1.5 percent in the year to March 2026 before growth picks up to 2. … Read more
Majority of Shadow Board members recommend a 25 basis-point OCR cut in August
August 18, 2025
Regarding what the Reserve Bank of New Zealand (RBNZ) should do at the upcoming August Monetary Policy Statement, the NZIER Monetary Policy Shadow Board’s view ranged from a 50 basis-point OCR cut to no change. However, the majority recommended a 25 basis-point cut to bring the OCR to … Read more
Shadow Board recommends the Reserve Bank pause OCR cut in July
July 7, 2025
New Zealand Institute of Economic Research (Inc) Media Release, 10 am Monday, 7 July 2025 For immediate release Read more
How did Budget 2025 perform regarding climate commitments?
June 17, 2025
NZIER’s third annual Budget spend analysis against New Zealand’s climate goals. Read more
NZIER Consensus Forecasts suggest a gradual recovery in the New Zealand economy over the coming year
June 16, 2025
Shadow Board recommends the Reserve Bank cut the OCR by 25 basis points in May
May 26, 2025
The NZIER Monetary Policy Shadow Board recommends that the Reserve Bank of New Zealand (RBNZ) should cut the OCR in the upcoming May Monetary Policy Statement, with almost half of the Shadow Board members recommending a 25 basis-point OCR cut. One member recommended a 50 basis-point c … Read more
Shadow Board recommends an OCR cut of 25 basis points in April
April 7, 2025
New Zealand Institute of Economic Research (Inc) Media Release, 10 am Monday, 7 April 2025 Read more