News

  • NZIER’s Shadow Board sees little urgency for rate increase

    20 June 2017

    NZIER’s Monetary Policy Shadow Board’s recommendation to the Reserve Bank is broadly unchanged from the previous meeting in May. The Shadow Board again recommends the Reserve Bank leave the Official Cash Rate on hold this Thursday at 1.75 percent, with a tightening bias. The release can be read here.

  • New Zealand economy remains solid, against uncertain global backdrop - Quarterly Predictions, March 2017

    31 May 2017

    A combination of strong net migration, tourist inflows and improving rural sector incomes points to a continued solid outlook for the New Zealand economy, as detailed in the latest NZIER Quarterly Predictions.

    Quarterly Predictions is an independent take on the New Zealand economic outlook and is available exclusively to NZIER’s members.

    The media release can be read here.

  • Budget 2017 analysis of real per person spending shows real winners and losers

    26 May 2017

    Researchers at Victoria University of Wellington and the New Zealand Institute of Economic Research (NZIER) have found that while overall real per capita government spending is stable, a breakdown of new and projected Crown expenditure shows a significant transformation in the make-up of government spending.

    Read the full release here on Victoria University of Wellington's website.

  • Budget 2017 a missed opportunity, says NZIER

    25 May 2017

    We see Budget 2017 as a continuation of fiscal prudence, which is sensible”, NZIER’s Senior Economist Christina Leung says. “But we would have liked to have seen more ambition, given the strength of the government’s books”.

    Read the full media release here.

  • Is it finally time to reduce the number of district health boards? NZIER Insight 69

    11 May 2017

    New Zealand has 20 district health boards (DHBs) for a population of less than 5 million. Because of a lack of transparency, we do not know the costs of administering DHBs. But prima facie evidence suggests it is time to consolidate DHBs and free up administrative resources to use for additional services. In health care, size matters. Returns to scale and quality gains come with size. Optimising governance arrangements and the scale of services means more choice and improved health outcomes as pressures from ageing and public expectations intensify.

    The full Insight can be read here.

  • NZIER’s QSBO shows a drop in business confidence - Quarterly Survey of Business Opinion, April 2017

    04 April 2017

    The latest NZIER Quarterly Survey of Business Opinion shows a modest drop in business confidence in the first quarter of 2017. A net 16 percent of businesses expect better economic conditions over the coming months, a fall from a net 26 percent of businesses in the previous quarter.

    The medial release can be read here.

  • NZIER’s Shadow Board considers an OCR of 1.75% as still appropriate

    21 March 2017

    NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank leaves the Official Cash Rate on hold this Thursday at 1.75 percent. The Shadow Board continues to see a tightening bias as appropriate. 

    Read the full release here.

  • Growth outlook still solid, says NZIER Consensus Forecasts, March 2017

    10 March 2017

    The latest NZIER Consensus Forecasts shows growth forecasts have been revised up from 2018, while inflation forecasts are broadly unchanged relative to the previous quarter.

    Read the full release here.

  • NZIER says New Zealand economy remains solid, against uncertain global backdrop - Quarterly Predictions, March 2017

    27 February 2017

    Many of the key themes for the domestic outlook that we outlined in our previous issue of Quarterly Predictions have continued into 2017. Net migration continues to set new records, boosting demand across many sectors. We continue to expect annual growth in the New Zealand economy to track over 3 percent on average over the next five years.

    We expect construction and tourism will remain key drivers of growth, with activity broadening beyond Auckland. A recovery in global dairy prices is also boosting confidence in the rural regions. With businesses feeling more optimistic about demand holding up at high levels, many are planning for expansion through hiring and investment.
    Against the solid momentum in the New Zealand economy are heightened geo-political risks from offshore. From the unpredictability of US President Trump’s policy actions to the ongoing political uncertainty across Europe, the shift towards protectionist and anti-establishment sentiment skews risks to the downside.

    Quarterly Predictions is an independent take on the New Zealand economic outlook available exclusively to NZIER members.

    The media release can be read here.

  • NZIER's Shadow Board recommends the RBNZ hold the OCR steady

    07 February 2017

    NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank keeps the Official Cash rate on hold this Thursday at 1.75 percent. While the Shadow Board was overwhelmingly in favour of leaving the OCR unchanged for now, it has shifted to a tightening bias.

    The full release can be read here.