ANZ Economic News
ANZ Economic News reviews the latest key events in the New Zealand economy. As well as one-off events, the reports regularly include information on labour market conditions, gross domestic product, balance of payments, official cash rate changes, and the Government's finances.
2024 editions
April
March
February
January
2023 editions
December
20 December 2023: NZ Half-Year Economic and Fiscal Update 2023 - Not much the wiser (PDF 428KB)
14 December 2023: NZ GDP Review - Weaker across the board (PDF 568KB)
8 December 2023: NZ GDP Preview - Headline above water; per-capita treading it (PDF 372KB)
6 December 2023: NZ Half-Year Update 2023 Preview: new team, new game plan (PDF 440KB)
5 December 2023: NZ Insight - Navigating the watch-worry-wait summer (PDF 648KB)
November
30 November 2023: NZ Forecast Update - Milk prices trend higher (PDF 284KB)
29 November 2023: RBNZ MPS Review - When hawks fly (PDF 744KB)
29 November 2023: NZ Insight - Labour market capacity indicators (PDF 1.11MB)
24 November 2023: NZ Insight: Coalition policy announcements (PDF 308KB)
24 November 2023: NZ Insight - New Government agriculture policy announcements (PDF 300KB)
17 November 2023: RBNZ MPS Preview and OCR Call Change (PDF 300KB)
15 November 2023: NZ Insight - New monthly price indexes (PDF 840KB)
10 November 2023: NZ Insight - What an oil price shock could mean for inflation (PDF 560KB)
1 November 2023: Labour market review - The ship has turned (PDF 624KB)
October
26 October 2023: Labour market preview - A gradual ascent (PDF 556KB)
26 October 2023: NZ Insight: macro impacts in New Zealand from an increase in global term rates (PDF 968KB)
19 October 2023: NZ Insight - Finding external balance (PDF 1.33MB)
17 October 2023: CPI and OCR call change - Progress buys time (PDF 616KB)
16 October 2023: NZ Election 2023 - Post-election macroeconomic musings (PDF 396KB)
12 October 2023: CPI Preview - Pouring fuel on the fire (PDF 724KB)
4 October 2023: RBNZ MPR Review - A more sustained period of time (PDF 288KB)
3 October 2023: NZIER QSBO - Traction meets supply recovery (PDF 572KB)
September
27 September 2023: RBNZ MPR Preview - More worries, more waiting (PDF 344KB)
21 September 2023: NZ GDP - What recession … but one looming? (PDF 600KB)
13 September 2023: NZ GDP Preview - Dead cat bounce (PDF 432KB)
12 September 2023: NZ PREFU 2023 - More debt, more bonds, more deficits (PDF 880KB)
5 September 2023: NZ PREFU 2023 Preview - Pre-election Update predictions (PDF 920KB)
August
16 August 2023: RBNZ MPS Review - Wheels slipping a little? (PDF 708KB)
10 August 2023: Milk price revised down further (PDF 288KB)
9 August 2023: RBNZ MPS Preview - A placeholder MPS (PDF 584KB)
2 August 2023: Labour market review - relatives and absolutes (PDF 616KB)
July
26 July 2023: NZ ETS - Change of price and volumes settings (PDF 372KB)
26 July 2023: Labour market preview - A step towards sustainable levels (PDF 500KB)
19 July 2023: Milk price forecast drops sharply (PDF 284KB)
19 July 2023: CPI Review - Not a good news day after all (PDF 604KB)
13 July 2023: CPI Preview - Running before we walk (PDF 700KB)
12 July 2023: RBNZ MPR Review - Nothing to see here (PDF 272KB)
5 July 2023: RBNZ MPR Preview - Texas Hold’em (PDF 688KB)
4 July 2023: NZIER QSBO - Capacity frees up, price signals still elevated (PDF 560KB)
June
19 June 2023: NZ ETS Review - Public consultation on options (PDF 296KB)
16 June 2023: NZ Forecast Update - The much-needed adjustment (PDF 616KB)
15 June 2023: NZ GDP - Cyclone nudges NZ into recession (PDF 548KB)
14 June 2023: NZ Balance of Payments - The slightly less wonky economy (PDF 696KB)
9 June 2023: Milk price forecasts trimmed further (PDF 272KB)
8 June 2023: NZ GDP Preview - Many moving parts (PDF 508KB)
May
24 May 2023: RBNZ MPS Review - As you were (PDF 824KB)
18 May 2023: NZ Budget 2023 brings the bonds (PDF 500KB)
17 May 2023: RBNZ MPS Preview - 25bp, plus one more for luck in July (PDF 588KB)
10 May 2023: Budget Preview - No frills and no free lunch (PDF 524KB)
3 May 2023: Labour market - Still super-tight in Q1 (PDF 664KB)
April
28 April 2023: Labour market preview - Yet to turn … but it’s coming (PDF 640KB)
20 April 2023: CPI Review - Relatively good, absolutely bad (PDF 708KB)
17 April 2023: CPI Preview - The price is wrong (PDF 700KB)
5 April 2023: RBNZ MPR Review - Take that (PDF 328KB)
4 April 2023: NZIER QSBO - Going the right way for the RBNZ, slowly (PDF 608KB)
March
28 March 2023: RBNZ MPR Preview - Decelerating hikes in a decelerating economy (PDF 588KB)
24 March 2023: Milk price forecasts revised down further (PDF 344KB)
23 March 2023: NZ ETS Review - Reduce emissions not just offset (PDF 308KB)
17 March 2023: NZ Forecast Update - Getting an extension (PDF 820KB)
16 March 2023: NZ GDP Review - Something for everyone (PDF 716KB)
15 March 2023: NZ Balance of Payments - Out of balance (PDF 476KB)
10 March 2023: NZ GDP Preview - Payback (PDF 416KB)
7 March 2023: NZ Insight - Inflation rotation (PDF 1.19MB)
February
28 February 2023: NZ Insight - Second wind for the labour market? (PDF 1.01MB)
16 February 2023: NZ Insight - Inflationary risks from Cyclone Gabrielle (PDF 692KB)
15 February 2023: RBNZ MPS Preview - Still resolute (PDF 580KB)
8 February 2023: Milk price forecasts revised down (PDF 344KB)
1 February 2023: Labour market - Cracks appearing (PDF 712KB)
January
31 January 2023: NZ Insight - Early thoughts on the Upper North Island floods (PDF 492KB)
26 January 2023: Labour market preview - Echoes of previous momentum (PDF 636KB)
25 January 2023: CPI and OCR call change - Much better than feared (PDF 632KB)
19 January 2023: CPI Preview - The devil in the detail (PDF 740KB)
17 January 2023: NZIER QSBO - Traction or temporary? (PDF 636KB)
2022 editions
December
15 December 2022: Q3 GDP - One last hurrah? (PDF 680KB)
14 December 2022: HYEFU 2022 - Reprioritising (PDF 440KB)
9 December 2022: Q3 GDP Preview - Economic expansion; record-breaking deficit (PDF 412KB)
8 December 2022: ANZ releases milk price forecast for 2023-24 season (PDF 352KB)
6 December 2022: Half-Year Update 2022 Preview - when less is more (PDF 540KB)
November
30 November 2022: NZ Insight - Risks to the OCR outlook (PDF 896KB)
29 November 2022: NZ Insight - RBA/RBNZ policy divergence back in the spotlight (PDF 1.24MB)
23 November 2022: RBNZ MPS Review and OCR Call Change - Hope is not a strategy (PDF 780KB)
15 November 2022: RBNZ MPS Preview - No low-risk options at this point (PDF 476KB)
10 November 2022: RBNZ Formulation and Implementation of Monetary Policy Review (PDF 356KB)
7 November 2022: NZ Insight - our record breaking labour market (PDF 1.26MB)
2 November 2022: Labour market - Wage growth outstrips inflation (PDF 708KB)
October
28 October 2022: Labour market preview - Record wage growth beckons (PDF 616KB)
18 October 2022: CPI and OCR call change - 75s now expected for Nov and Feb (PDF 676KB)
13 October 2022: CPI Preview - Past the peak? (PDF 696KB)
11 October 2022: Agricultural emissions pricing recommendations (PDF 316KB)
5 October 2022: RBNZ MPR Review - Sticking to the plan, keeping options open (PDF 340KB)
4 October 2022: NZIER QSBO - Too much inflation in the system (PDF 648KB)
September
28 September 2022: RBNZ MPR Preview - Locked and loaded (PDF 448KB)
16 September 2022: OCR Call Change: More work to do (PDF 1.04MB)
15 September 2022: Q2 GDP Review: Stronger, but more noise than signal (PDF 808KB)
9 September 2022: Q2 GDP Preview: Weaker, but not a game changer for the OCR (PDF 460KB)
6 September 2022: NZ Insight - The inflation outlook and the balance of risks (PDF 624KB)
5 September 2022: NZ Insight - 2020 hindsight (PDF 980KB)
2 September 2022: Farmgate milk price forecast revised up (PDF 360KB)
August
30 August 2022: NZ Agri Insight - Feeding the world sustainably (PDF 980KB)
17 August 2022: RBNZ MPS Review - Toru (PDF 780KB)
10 August 2022: NZ Insight - the Australian labour market and the RBNZ (PDF 940KB)
10 August 2022: RBNZ MPS Preview - Hawkeye (PDF 576KB)
3 August 2022: Labour market - Unemployment rises, but wages soar (PDF 700KB)
July
28 July 2022: Labour market preview - The biggest constraint (PDF 624KB)
18 July 2022: CPI Q2 2022 and OCR call change (PDF 580KB)
14 July 2022: CPI Preview - More inflation pain (PDF 688KB)
13 July 2022: RBNZ MPR Review - A copy-paste from the May MPS (PDF 372KB)
6 July 2022: NZ Insight - The low consumer confidence puzzle (PDF 1.30MB)
6 July 2022: RBNZ MPR Preview - One of the easier decisions (PDF 852KB)
5 July 2022: NZIER QSBO - Inflation blues (PDF 644KB)
June
16 June 2022: Q1 GDP - more COVID noise (PDF 836KB)
10 June 2022: Q1 GDP Preview - no capacity (PDF 424KB)
8 June 2022: He Waka Eke Noa recommendations for pricing agricultural emissions (PDF 324KB)
May
31 May 2022: NZ Agri Insight - Global food crisis to worsen (PDF 1.51MB)
25 May 2022: RBNZ MPS Review - On the warpath (PDF 604KB)
19 May 2022: Budget Review - Big Budget (PDF 448KB)
17 May 2022: NZ Insight - Emissions Reduction Plan (PDF 336KB)
17 May 2022: RBNZ MPS Preview - Take 2% (PDF 404KB)
12 May 2022: Budget Preview - Catch (Budget) 22 (PDF 452KB)
6 May 2022: Farmgate milk price forecasts revised down (PDF 360KB)
4 May 2022: Labour market - wage growth accelerates (PDF 656KB)
3 May 2022: NZ Insight - New fiscal rules (PDF 496KB)
April
28 April 2022: Labour market preview - May the labour force be with you (PDF 684KB)
21 April 2022: CPI Review - Domestic inflation intensifies (PDF 576KB)
13 April 2022: CPI Preview - Uncertain, but certainly too high (PDF 696KB)
13 April 2022: RBNZ MPR Review - Giving inflation no quarter (PDF 332KB)
12 April 2022: NZ Insight - How widespread is labour market tightness? (PDF 964KB)
12 April 2022: NZIER QSBO - Diminished capacity (PDF 648KB)
6 April 2022: RBNZ MPR Preview - Nifty 50 (PDF 432KB)
March
23 March 2022: NZ GDP Forecast Update - walking the tightrope (PDF 464KB)
22 March 2022: NZ Insight - the RBNZ’s inflation expectations headache (PDF 836KB)
17 March 2022: Q4 GDP - Getting real (PDF 572KB)
14 March 2022: NZ temp fuel tax changes knock 0.5% off Q2 CPI (PDF 472KB)
10 March 2022: Q4 GDP Preview - Rebound 3.5 (PDF 400KB)
9 March 2022: Farmgate milk price forecast revised up (PDF 352KB)
8 March 2022: NZ OCR Call Change: back-to-back 50bp hikes in April and May (PDF 472KB)
8 March 2022: CPI Forecast Update - inflation now forecast to peak at 7.4% in Q2 (PDF 664KB)
4 March 2022: How is NZ's agri sector impacted by the Russian invasion (PDF 516KB)
1 March 2022: The Reopening II – shifting economic sands (PDF 684KB)
February
23 February 2022: RBNZ MPS Review - A hawkish hike (PDF 620KB)
15 February 2022: NZ Insight - Terms of trade: risks and opportunities (PDF 91KB)
15 February 2022: RBNZ MPS Preview - Hikes coming, "steady" or not... (PDF 347KB)
3 February 2022: Labour market forecast update - applying pressure (PDF 668KB)
2 February 2022: Labour market review - Another record low (PDF 732KB)
1 February 2022: Carbon markets 102 - what drives the carbon price? (PDF 440KB)
1 February 2022: Farmgate milk price forecast revised up (PDF 324KB)
January
27 January 2022: Labour market preview - Unemployment - how low can you go? (PDF 604KB)
27 January 2022: CPI Review - Cost of living crunch (PDF 600KB)
20 January 2022: CPI Preview - High, but how high? (PDF 584KB)
19 January 2022: NZ OCR Call Change - 3% by April 2023 (PDF 688KB)
18 January 2022: NZIER QSBO - Fretting about inflation and Delta (PDF 676KB)
2021 editons
December
17 December 2021: NZ Insight - Endemic COVID-19 and labour supply (PDF 1.04MB)
16 December 2021: Q3 GDP - Only a 3.7% fall (PDF 580KB)
15 December 2021: 2021 HYEFU Review - Wind change (PDF 504KB)
9 December 2021: 2021 GDP Preview - Dale dug a(nother) hole (PDF 384KB)
8 December 2021: 2021 HYEFU Preview - Fiscal policy in a constrained economy (PDF 416KB)
2 December 2021: NZ Insight - The real cost of inflation (PDF 880KB)
November
30 November 2021: Farmgate milk price forecast revised up (PDF 324KB)
26 November 2021: NZ Insight - The Reopening (PDF 492KB)
24 November 2021: RBNZ MPS Review - Quarter master (PDF 372KB)
17 November 2021: RBNZ MPS Preview - Take a(nother) hike (PDF 368KB)
17 November 2021: NZ Insight: What now for the LSAP portfolio? (PDF 336KB)
11 November 2021: NZ Insight - NZ-UK Free Trade Agreement (PDF 732KB)
3 November 2021: Labour market review - Time for a raise (PDF 668KB)
2 November 2021: NZ Insight - The ‘great resignation’ in New Zealand (PDF 816KB)
October
26 October 2021: Labour market preview - Muddying the water (PDF 600KB)
26 October 2021: NZ Insight - States of the world (PDF 448KB)
19 October 2021: NZ Forecast Update: More work for the OCR to do (PDF 552KB)
18 October 2021: CPI Review - Purchasing power under attack (PDF 599KB)
13 October 2021: CPI Preview - Close to the peak? (PDF 628KB)
7 October 2021: NZ farmgate milk price forecast revised over $8 (PDF 328KB)
6 October 2021: RBNZ MPR Review: Lift off into a stormy flight path (PDF 372KB)
5 October 2021: NZIER QSBO - Capacity constraints are biting (PDF 624KB)
September
29 September 2021: RBNZ MPR Preview: Lift off, take two (PDF 508KB)
21 September 2021: RBNZ Speech Review (PDF 393KB)
16 September 2021: NZ GDP - Strong starting point, but about to get noisy (PDF 572KB)
14 September 2021: Not just rugby: NZ beating Australia on wage growth (PDF 964KB)
10 September 2021: NZ Insight - Increasing the contingency fund (PDF 392KB)
9 September 2021: GDP Preview - Rollercoaster (PDF 408KB)
9 September 2021: What would it take to derail OCR hikes? (PDF 664KB)
August
25 August 2021: NZ Insight - A quick look at the high-frequency data (PDF 772KB)
20 August 2021: NZ Insight - Finding neutral (PDF 1.40MB)
20 August 2021: NZ Insight - Lockdown and the economic outlook (PDF 756KB)
18 August 2021: RBNZ MPS Review - Case sensitive (PDF 352KB)
11 August 2021: RBNZ MPS Preview - Lift off (PDF 496KB)
4 August 2021: Labour market review and OCR call change: Boiling point (PDF 612KB)
July
29 July 2021: Carbon markets 101: pricing climate change solutions (PDF 604KB)
28 July 2021: Labour market preview: Now hiring (PDF 608KB)
22 July 2021: Quarterly income GDP - A new lens (PDF 356KB)
21 July 2021: Tirohanga Aotearoa Hunga Māori Kore whai-mahi i te wā Mate Urutā (PDF 676KB)
21 July 2021: NZ Insight: Māori employment during COVID (PDF 696KB)
21 July 2021: RBNZ vs RBA policy divergence – inflation persistence key (PDF 564KB)
20 July 2021: NZ Forecast Update: Inflation with a 4-handle (PDF 540KB)
16 July 2021: CPI Review: Monstrous (PDF 556KB)
14 July 2021: RBNZ MPR Preview and OCR Call Change: LSAP ended, hike to come in August (PDF 344KB)
13 July 2021: CPI Preview: Top of the band (PDF 581KB)
7 July 2021: RBNZ MPR Preview and OCR Call Change: When the facts change (PDF 340KB)
6 July 2021: NZIER QSBO - Tighter and tighter (PDF 344KB)
2 July 2021: NZ Insight: The last days of the LSAP (PDF 488KB)
1 July 2021: NZ Forecast Update: Rapidly approaching full employment (PDF 476KB)
1 July 2021: NZ Insight: Container chaos and the impact on NZ primary producers (PDF 496KB)
June
May
26 May 2021: RBNZ MPS Review - Yikes, forecast hikes (PDF 348KB)
24 May 2021: Farmgate milk price forecasts at healthy levels (PDF 340KB)
20 May 2021: Budget 2021 - A touch more stimulus (PDF 488KB)
17 May 2021: RBNZ MPS Preview - A whiff of change in the wind (PDF 404KB)
10 May 2021: Budget 2021 Preview - Balancing act (PDF 416KB)
5 May 2021: Labour market - Undeniably stronger (PDF 536KB)
April
29 April 2021: Labour market preview - Participation puzzle (PDF 572KB)
21 April 2021: CPI Review - Mixed signals (PDF 552KB)
15 April 2021: CPI Preview - False positive (PDF 400KB)
14 April 2021: RBNZ MPR Review - Wait and watch, no worries (PDF 304KB)
13 April 2021: NZIER QSBO - A long way to go (PDF 336KB)
12 April 2021: Where to now for the LSAP? (PDF 440KB)
9 April 2021: Trans-Tasman travel - Bubbling over with excitement (PDF 344KB)
8 April 2021: RBNZ MPR Preview - Let the dust settle (PDF 336KB)
March
29 March 2021: NZ Insight - The road to full employment (PDF 348KB)
23 March 2021: NZ Housing Policy Changes - Recalibrating the demand pulse (PDF 336KB)
18 March 2021: NZ GDP - Shouldn't challenge the narrative (PDF 360KB)
11 March 2021: GDP Preview - It's complicated (PDF 356KB)
3 March 2021: Farmgate milk price forecast revised up (PDF 300KB)
February
24 February 2021: RBNZ MPS Review - Something for everyone (PDF 332KB)
19 February 2021: NZ Insight - Climate change and the path ahead (PDF 492KB)
17 February 2021: RBNZ MPS Preview - Stay the course (PDF 312KB)
12 February 2021: NZ Insight - The path to normal (PDF 416KB)
3 February 2021: Labour market - Unambiguously better – no more OCR cuts required (PDF 280KB)
January
27 January 2021: Labour market preview - A bit revealing (PDF 324KB)
22 January 2021: CPI Review - Disruption boosts inflation (PDF 296KB)
19 January 2021: Farmgate returns to soften further (PDF 244KB)
19 January 2021: QSBO - Complicated feelings (PDF 244KB)
15 January 2021: CPI Preview - Better inflation outlook but weak starting point (PDF 304KB)
13 January 2021: NZ OCR call change - Just one more OCR cut in May, to 0.1% (PDF 288KB)
12 January 2021: Farmgate milk price forecast revised up (PDF 268KB)
2020 editions
December
17 December 2020: NZ GDP - Two-speed economy (PDF 352KB)
16 December 2020: HYEFU Review - Books better, as expected (PDF 376KB)
10 December 2020: 2020 Half-Year Economic & Fiscal Update Preview (PDF 356KB)
9 December 2020: GDP Preview - Welcome to the rebound (PDF 344KB)
8 December 2020: The intergenerational divide (PDF 284KB)
November
8 December 2020: The intergenerational divide (PDF 284KB)
25 November 2020: Some cheer heading into Christmas - further OCR cuts becoming less likely (PDF 360KB)
19 November 2020: NZ Insight: RCEP - What is in it for New Zealand? (PDF 328KB)
16 November 2020: NZ Insight: Weighing it up - possible OCR paths (PDF 288KB)
13 November 2020: NZ Insight: Vaccines, volatility and eventualities (PDF 244KB)
11 November 2020: RBNZ MPS Review: Easy does it – OCR cuts slower, less certain (PDF 308KB)
9 November 2020: Farmgate milk price forecast revised up (PDF 260KB)
5 November 2020: A downturn felt unevenly (PDF 288KB)
4 November 2020: RBNZ MPS Preview - RBNZ to focus on the FLP in the November MPS (PDF 304KB)
4 November 2020: Labour market review - Weaker, but could have been worse (PDF 276KB)
October
29 October 2020: Labour market preview - Modest deterioration expected (PDF 308KB)
23 October 2020: Q3 CPI Review - Not a great place to start (PDF 296KB)
22 October 2020: FLP to enter the RBNZ toolkit - how does that change the outlook for policy? (PDF 288KB)
20 October 2020: QSBO: Coming out the gate strong (PDF 236KB)
14 October 2020: CPI Preview - Bump in the road (PDF 288KB)
8 October 2020: Household retrenchment a drag on growth that monetary policy is looking to offset (PDF 344KB)
September
23 September 2020: RBNZ Monetary Policy Review - No FLP-flopping (PDF 268KB)
22 September 2020: Negative OCR and Funding for Lending Programme FAQ (PDF 416KB)
17 September 2020: RBNZ MPR Preview - Hold the door (PDF 352KB)
17 September 2020: NZ GDP - On the money (PDF 415KB)
16 September 2020: PREFU 2020 Review - Big picture unchanged: colossal shock, colossal deficits (PDF 403KB)
10 September 2020: GDP Preview - One for the history books (PDF 340KB)
8 September 2020: PREFU 2020 Preview - Deja-PREFU (PDF 352KB)
August
28 August 2020: Freshwater regulatory change - clear vision but details murky (PDF 368KB)
19 August 2020: NZ Forecast Update: Renewed restrictions will hamper recovery (PDF 276KB)
18 August 2020: RBNZ to cut OCR 50bp to -0.25% in April (PDF 328KB)
12 August 2020: RBNZ MPS Review - Keeping the foot to the floor (PDF 276KB)
5 August 2020: Labour market review - Hard slog ahead (PDF 284KB)
4 August 2020: RBNZ to increase QE and weigh up other tools at August MPS (PDF 348KB)
July
31 July 2020: A straight-line recovery looks unlikely (PDF 332KB)
30 July 2020: Labour market preview - Still in the dark (PDF 292KB)
22 July 2020: NZ Forecast Update: Farmgate milk price (PDF 321KB)
16 July 2020: Q2 CPI Review - Inflation weak as a kitten (PDF 304KB)
13 July 2020: NZ Insight - Exchange rate a headwind (PDF 304KB)
13 July 2020: CPI Preview - Weak, but noisy (PDF 296KB)
8 July 2020: Negative OCR: What would it mean and how likely is it? (PDF 312KB)
7 July 2020: QSBO: Worrying (PDF 240KB)
1 July 2020: NZ Forecast Update: Current account outlook (PDF 316KB)
June
26 June 2020: Irrigation opportunities - Achieving more with less (PDF 264KB)
26 June 2020: More QE is on the way (PDF 272KB)
25 June 2020: NZ Forecast Update - Winter premiums squeezed for lamb and beef (PDF 260KB)
24 June 2020: RBNZ Monetary Policy Review - Keep calm and carry on (PDF 208KB)
18 June 2020: NZ GDP - Disruption in the data, but not to our view (PDF 160KB)
17 June 2020: RBNZ OCR Preview - In the 0.25 master's store (PDF 188KB)
16 June 2020: NZ Forecast Update: Farmgate milk price (PDF 264KB)
15 June 2020: NZ Forecast Update: Weak migration outlook (PDF 312KB)
11 June 2020: NZ Forecast Update and Q1 GDP Preview (PDF 288KB)
May
28 May 2020: Where to now with Quantitative Easing? (PDF 324KB)
28 May 2020: The recession is just beginning (PDF 224KB)
27 May 2020: RBNZ Financial Stability Report - Glass half full (PDF 176KB)
14 May 2020: NZ Budget 2020 - Big umbrella (PDF 308KB)
13 May 2020: RBNZ MPS Review - Putting it all on the table (PDF 192KB)
7 May 2020: RBNZ Quantitative Easing FAQ (PDF 376KB)
6 May 2020: RBNZ MPS Preview - QE hui (PDF 200KB)
6 May 2020: Labour market review - Standing idle (PDF 220KB)
5 May 2020: NZ Dairy Update - Defying gravity (PDF 296KB)
4 May 2020: Budget 2020 Preview - The end of the beginning (PDF 312KB)
1 May 2020: Q1 Labour Market Preview - Labour pains (PDF 232KB)
April
20 April 2020: CPI Review - Going out with a bang (PDF 244KB)
16 April 2020: CPI Preview - Downhill from here (PDF 232KB)
March
23 March 2020: RBNZ announces Quantitative Easing (PDF 192KB)
19 March 2020: GDP Outlook and Review - The good old days (PDF 264KB)
19 March 2020: RBNZ intervention urgently needed (PDF 236KB)
18 March 2020: Balance of Payments - Entering the slowdown (PDF 256KB)
17 March 2020: NZ Government COVID-19 Response Package (PDF 216KB)
16 March 2020: RBNZ delivers emergency 75bp OCR cut (PDF 184KB)
12 March 2020: NZ GDP Preview: Recession now looking highly probable (PDF 268KB)
February
28 February 2020: OCR cut odds rising rapidly (PDF 196KB)
12 February 2020: RBNZ MPS: Watch this space (PDF 248KB)
5 February 2020: RBNZ MPS Preview: Watch, wait – and worry (PDF 184KB)
5 February 2020: Labour market review: A strong finish for 2019 (PDF 220KB)
January
30 January 2020: Labour market preview: Offsetting forces (PDF 236KB)
24 January 2020: CPI Review: Close to target (PDF 244KB)
17 January 2020: CPI Preview: Within a whisker of the mid-point (PDF 232KB)
14 January 2020: QSBO: Feeling a little better (PDF 192KB)