Nick Tuffley
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
12th Aug 24, 2:20pm
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HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
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
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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
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
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'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
14th Jul 24, 9:01am
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ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
10th Jul 24, 2:21pm
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The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
4th Jul 24, 11:31am
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ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
29th Feb 24, 5:00am
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The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
[updated]
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
12th Feb 24, 12:22pm
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There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
Economists from ASB say momentum in the economy is grinding to a halt, meaning the Reserve Bank can cut the OCR sooner than they thought
20th Dec 23, 9:51am
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Economists from ASB say momentum in the economy is grinding to a halt, meaning the Reserve Bank can cut the OCR sooner than they thought
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
We asked twenty economists how they would define a recession in New Zealand
After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August
24th Jul 23, 2:24pm
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After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August
Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
12th Jun 23, 3:22pm
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Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
29th May 23, 1:55pm
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ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision
22nd May 23, 2:23pm
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The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision
A new research paper suggests the Government and the Reserve Bank are responsible for half of inflation, as ASB economists forecast a deeper recession as a result
19th Apr 23, 7:55am
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A new research paper suggests the Government and the Reserve Bank are responsible for half of inflation, as ASB economists forecast a deeper recession as a result
The Reserve Bank of NZ will likely lift the Official Cash Rate 25 basis points on Wednesday and give little else away
2nd Apr 23, 6:00am
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The Reserve Bank of NZ will likely lift the Official Cash Rate 25 basis points on Wednesday and give little else away
Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions
27th Mar 23, 3:15pm
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Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions
Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
23rd Nov 22, 2:10pm
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Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
15th Sep 22, 11:01am
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Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
ASB expects house prices to keep falling until mid-next year and interest rates to remain high until 2024
31st Aug 22, 5:00am
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ASB expects house prices to keep falling until mid-next year and interest rates to remain high until 2024
'It’s the biggest real house price downturn we’ve had since the 1970s'
Reserve Bank makes it three in a row for 50 point OCR hikes; says it is 'resolute' in commitment to getting inflation down
13th Jul 22, 2:05pm
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Reserve Bank makes it three in a row for 50 point OCR hikes; says it is 'resolute' in commitment to getting inflation down
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
19th Apr 22, 2:44pm
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ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
BNZ economists say they are raising their inflation forecasts on an almost daily basis while ASB economists are seeing a 'Costpocalypse'
14th Mar 22, 2:48pm
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BNZ economists say they are raising their inflation forecasts on an almost daily basis while ASB economists are seeing a 'Costpocalypse'