Shadow Board recommends the Reserve Bank hold the OCR at 5.50 percent in October
October 2, 2023
New Zealand Institute of Economic Research (Inc) Media Release, 10 am Monday, 2 October 2023 Read more
NZIER Consensus Forecasts point to subdued growth for the two years ahead - September 2023
September 18, 2023
The latest NZIER Consensus Forecasts show subdued economic growth over the next two years. Annual average GDP growth is forecast to slow to 0.4 percent in the year to March 2024 before recovering to just 1.1 percent in 2025. Higher interest rates are starting to dampen demand as the i … Read more
How congruent is Budget 2023 with New Zealand’s climate commitments? NZIER Insight 108
September 7, 2023
In this Insight, we assess the degree to which Budget 2023 is consistent with New Zealand’s climate change commitments. This initial approach includes central government budget spending, tax expenditure and any major regulatory changes. We intend it to be an annual exercise, with our … Read more
Shadow Board recommends the OCR should remain at 5.5 percent in August
August 14, 2023
Most Shadow Board members recommend that the Reserve Bank keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming August Monetary Policy Statement. The impacts of previous interest rate increases are still flowing through to the household sector, which should help to reduce … Read more
The value of safety improvements - NZIER Insight 107
August 10, 2023
Economic analysis of safety programmes needs values to place on benefits such as preventing fatalities and injuries. Read more
Shadow Board recommends no change to the OCR in July
July 10, 2023
New Zealand Institute of Economic Research (Inc) Media Release, 10 am Monday, 10 July 2023 For immediate release Most Shadow Board members recommend the Reserve Bank should keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming July Monetary Policy Review. While inflation p … Read more
NZIER Consensus Forecasts point to a slowing in growth over the coming years
June 12, 2023
The latest NZIER Consensus Forecasts show a downward revision to economic growth for the year to March 2023, followed by a slowing in growth over the subsequent years. Annual average GDP growth is forecast to slow to 0.6 percent in the year to March 2024 before picking up to 1.4 perce … Read more
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