Historically, and particularly in the last few years, what happens with NZ interest rates has been really closely tied to what's happening with US rates. But with NZ's economy doing it really tough right now, guest writer Rodney Dickens thinks that's about to change.
According to bank economists, NZ’s latest inflation stats make it clear it’s far too soon think about dropping interest rates. But the Chief, David Cunningham, reckons the official numbers don’t paint an accurate picture of the situation.
The economy is officially back in recession, and the prospects for a weaker labour market are scaring people. So, is everything bad and should we all go to Australia?
In late 2022, the RBNZ warned it would need to tip New Zealand into recession in order to get inflation under control. And yet, despite all the rate increases Kiwi borrowers have endured, so far, that promised recession is yet to eventuate. Squirrel guest blogger, Rodney Dickens, explains why that is.
The next little while is going to be tough going for a lot of Kiwi businesses, but goods manufacturers and raw materials suppliers are in for a particularly rough ride. Squirrel guest blogger, Rodney Dickens, explains how being hit by falling buyer demand on multiple fronts will mean a harsher recession for these businesses than most.
The Reserve Bank said it'd take get us here, and with the latest GDP figures released this week, New Zealand is officially in recession. In his latest market update, JB shares his thoughts on what's to come in the economy, and with interest rates and the wider housing market.