Kelly Eckhold
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
7th Oct 24, 11:04am
58
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
[updated]
A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
2nd Oct 24, 10:12am
84
A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions
15th Aug 24, 7:41am
38
Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
5th Aug 24, 9:54am
47
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well
1st Aug 24, 1:56pm
29
September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
24th Jul 24, 3:48pm
15
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast
26th Jun 24, 8:30am
145
Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
26th May 24, 6:00am
73
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
27th Feb 24, 3:49pm
9
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
9th Feb 24, 1:32pm
80
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
9th Feb 24, 12:33pm
12
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
Westpac economists react to the latest dairy prices surge by raising their forecast for the milk price to $7.90 - which is close to the top end of Fonterra's forecast guidance range to farmers
7th Feb 24, 2:11pm
Westpac economists react to the latest dairy prices surge by raising their forecast for the milk price to $7.90 - which is close to the top end of Fonterra's forecast guidance range to farmers
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
22nd Jan 24, 3:05pm
4
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
ASB chief economist Nick Tuffley says it now looks more likely the Official Cash Rate will be cut in the second half of next year - rather than in 2025
18th Dec 23, 2:28pm
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ASB chief economist Nick Tuffley says it now looks more likely the Official Cash Rate will be cut in the second half of next year - rather than in 2025
Changing the Reserve Bank's mandate could have a 'significant impact' on inflation expectations, Treasury says
12th Dec 23, 1:53pm
2
Changing the Reserve Bank's mandate could have a 'significant impact' on inflation expectations, Treasury says
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
4th Dec 23, 12:15pm
24
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
The Reserve Bank says it is willing to raise rates to offset increased demand from population growth
30th Nov 23, 7:48am
21
The Reserve Bank says it is willing to raise rates to offset increased demand from population growth
[updated]
Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
29th Nov 23, 2:20pm
93
Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
28th Nov 23, 3:55pm
13
The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
Coalition agreement could result in deeper spending cuts, marginally higher interest rates, and more pine trees planted on farmland
24th Nov 23, 6:22pm
21
Coalition agreement could result in deeper spending cuts, marginally higher interest rates, and more pine trees planted on farmland
RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says
19th Nov 23, 6:00am
16
RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says
Hawkish forecasters think rates need to go higher-for-longer, while dovish economists think the RBNZ may have already overcooked the chook
12th Nov 23, 6:00am
82
Hawkish forecasters think rates need to go higher-for-longer, while dovish economists think the RBNZ may have already overcooked the chook
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
9th Oct 23, 2:36pm
15
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
Some economists think a National-led government would be more inflationary than Labour
4th Oct 23, 7:02pm
53
Some economists think a National-led government would be more inflationary than Labour