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Dollars & Sense
5 mins to read

Hard landing avoided, but more economic ‘pain’ to come

WATCH: Near-term inflation a concern for the RBNZ, but the frosty economy is set to chill further over winter.

WATCH: Dollars & Sense checks in on the health of the New Zealand economy.

Key points
  • What’s at stake: Whether the RBNZ has enough evidence to cut the OCR this year.
  • Background: Dollars & Sense assesses the health of the economy after recent data showing a suppressed outlook. The RBNZ reviews the OCR next week and no change is expected, while the Budget is released later this month and will deliver promised tax cuts.  
  • Key players: Stats NZ, RBNZ, BNZ, Mike Jones, Westpac, Michael Gordon, HSBC, Paul Bloxham, First Union, Edward Miller. 

Economists still think New Zealand is on track for a soft landing, amid public and private sector job cuts, sticky domestic inflation, and the recession.

They argue there’s still a plethora of challenges facing businesses and households as the country approaches winter.

BNZ chief economist Mike

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Key points
  • What’s at stake: Whether the RBNZ has enough evidence to cut the OCR this year.
  • Background: Dollars & Sense assesses the health of the economy after recent data showing a suppressed outlook. The RBNZ reviews the OCR next week and no change is expected, while the Budget is released later this month and will deliver promised tax cuts.  
  • Key players: Stats NZ, RBNZ, BNZ, Mike Jones, Westpac, Michael Gordon, HSBC, Paul Bloxham, First Union, Edward Miller. 
Hard landing avoided, but more economic ‘pain’ to come
Dollars & Sense,
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