NZIER’s Shadow Board calls for tightening within the coming year
July 12, 2021
There are growing calls amongst Shadow Board members for the Reserve Bank to tighten monetary policy given the pick-up in inflation pressures in the New Zealand economy. Many on the Shadow Board now see a tightening in monetary policy at the upcoming July meeting as appropriate. Beyon … Read more
NZIER Consensus Forecasts show weaker starting point for growth is not expected to persist
June 14, 2021
The latest NZIER Consensus Forecasts (CF) show that beyond the weaker starting point for GDP growth, the near-term growth outlook has been revised up. On average, annual average growth in GDP is expected to reach 5 percent in March 2022. Read more
NZIER’s Shadow Board sees stronger case for tightening
May 24, 2021
While Shadow Board members still considered current monetary settings as appropriate for the upcoming May meeting, attention turns to a tightening in monetary policy over the coming year. In the near term, members pointed to some uncertainty over how sustainable the recovery will be p … Read more
NZIER’s Shadow Board calls for a ‘wait and see’ approach
April 12, 2021
There remains a wide range of views amongst the Shadow Board members on what the Reserve Bank should do with monetary policy. The focus on the housing market has become more intense in recent months, and the recent announcements of policy measures to address house price sustainability … Read more
NZIER Consensus Forecasts show a downward revision to the growth outlook over the longer term
March 15, 2021
The latest NZIER Consensus Forecasts show a downward revision to growth forecasts later this year. However, this partly reflects a higher starting point, as the recovery in demand after lockdown restrictions were relaxed turned out to be stronger than expected. Read more
Tourism recovery - without stepping on the gas - NZIER Insight 95
March 9, 2021
With borders closed for the foreseeable future New Zealand tourism is facing a loss of substantial revenue from the lack of foreign visitors, who would usually maintain demand for tourism businesses after the end of the peak summer holidays for domestic tourists. But after the COVID-1 … Read more
NZIER’s Shadow Board sees little need for further stimulus
February 22, 2021
In light of recent developments, we have once again revised the format of the views we are seeking from our Shadow Board on what the Reserve Bank should do with monetary policy. Given the Reserve Bank’s growing arsenal of monetary policy tools which includes the Official Cash Rate, qu … Read more
NZIER Consensus Forecasts show stronger near-term growth
December 14, 2020
The latest NZIER Consensus Forecasts show a substantial upward revision to growth forecasts over the coming year. The consensus is clearly for a ‘V’ shaped economy recovery in New Zealand. Read more
2020 Summer Reading List for the Prime Minister
December 1, 2020
This list was prepared as part of the NZIER Public Good programme, which carries out economic research and thinking aimed at promoting a better understanding of New Zealand’s important economic challenges. Read more
NZIER’s Shadow Board sees less need for further stimulus
November 9, 2020
We are continuing to seek our Shadow Board members’ views on whether the Official Cash Rate (OCR) should be negative and if the Reserve Bank should expand its quantitative easing (QE). Read more