NZIER Consensus Forecasts show a weaker economic outlook as high inflation and interest rates continue - September 2022
September 12, 2022
The latest NZIER Consensus Forecasts show a downward revision to the near-term outlook for the New Zealand economy and the subsequent years to 2025. These revisions reflect expectations of weaker activities across most sectors in 2023 and higher inflation and interest rates. Added to … Read more
Shadow Board recommends the Reserve Bank hikes the OCR by 50 basis points in August and follow up with further tightening
August 15, 2022
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 15 August 2022 There was a range of views amongst the Shadow Board members on what the Reserve Bank of New Zealand should do with the Official Cash Rate (OCR) over the coming year. However, the ma … Read more
Shadow Board members recommend the Reserve Bank gets on with OCR increases
July 11, 2022
The widely held view amongst the Shadow Board is that the Reserve Bank of New Zealand should increase the Official Cash Rate (OCR) by 50bp at the upcoming meeting in July. Only one member from the business community was divided on whether such a large hike was necessary at the next me … Read more
NZIER Consensus Forecasts show a lower growth outlook beyond the higher starting point, June 2022
June 13, 2022
The latest NZIER Consensus Forecasts show a downward revision to the growth outlook over the coming years, despite the stronger starting point. The revisions reflect expectations of weaker activity across most sectors from 2023. Although the recovery in demand was stronger than initia … Read more
Shadow Board members differ in views on the extent of interest rate increases
May 23, 2022
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 23 May 2022 There is a wide range of views within the Shadow Board over how much the Reserve Bank should increase interest rates, particularly for the coming year. The majority view amongst Shadow … Read more
Shadow Board is divided over whether the RBNZ should hike by 50bp
April 11, 2022
The Shadow Board is sharply divided over how much the Reserve Bank should increase the Official Cash Rate (OCR) at the April meeting, with views split over whether the OCR should increase by 25 or 50 basis points. The surge in inflation pressures has led to growing calls for the Reser … Read more
NZIER Consensus Forecasts show a mixed growth outlook amidst higher inflation - Consensus Forecasts, March 2022
March 21, 2022
The latest NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy, but softer growth is forecast for the subsequent year. These revisions reflect recent activity indicators, suggesting that while the New Zealand economy weathered … Read more
Fast-forwarding technology to address climate change - NZIER Insight 100
March 3, 2022
New Zealand has committed to reducing carbon emissions and working with other countries to avert the worst impacts of climate change. How the country intends to do this is not clear. Read more
Shadow Board calls for substantial tightening over the coming year
February 21, 2022
The Shadow Board is calling for a sharp increase in the official cash rate (OCR) over the coming year in the face of intensifying inflation pressures. Read more