NZIER’s Shadow Board sees less need for further stimulus
November 9, 2020
We are continuing to seek our Shadow Board members’ views on whether the Official Cash Rate (OCR) should be negative and if the Reserve Bank should expand its quantitative easing (QE). Read more
NZIER’s Shadow Board still favour QE over negative OCR for stimulus
September 21, 2020
We are continuing to seek our Shadow Board members’ views on whether the Official Cash Rate (OCR) should be negative and if the Reserve Bank should expand its quantitative easing (QE). Fewer Board members see further quantitative easing as appropriate over the coming year. This follow … Read more
NZIER Consensus Forecasts show a wide range of forecasts
September 14, 2020
The latest NZIER Consensus Forecasts continues to show a wide range of forecasts for the economy, reflecting a large degree of uncertainty over the growth outlook. The announcement on 11 August of new COVID-19 cases in the community, and the subsequent return of Auckland to Alert Leve … Read more
NZIER’s Shadow Board considers negative OCR unnecessary
August 10, 2020
We are continuing to seek our Shadow Board members’ views on whether the Official Cash Rate (OCR) should be negative and if the Reserve Bank should expand its quantitative easing (QE). Read more
NZIER’s Shadow Board continues to favour further QE over a negative OCR
June 22, 2020
There remains a wide range of views amongst the Shadow Board on whether more monetary policy stimulus is required, and in what form. Overall, the consensus amongst the Shadow Board is that more stimulus would be required over the next twelve months, with the majority favouring an expa … Read more
NZIER’s Shadow Board favours further QE over negative OCR
May 11, 2020
The significant changes in monetary policy implementation in recent weeks in response to the effects of the COVID-19 outbreak has led us to revamp the format of our Shadow Board reporting. The Reserve Bank of New Zealand (RBNZ) on 16 March 2020 announced it was undertaking an emergenc … Read more
NZIER’s Shadow Board recommends no change under coronavirus cloud
February 10, 2020
There remains a wide range of views amongst the NZIER Policy Shadow Board on the appropriate level of the OCR at the Monetary Policy Statement (MPS) release on Wednesday. Although Shadow Board members acknowledged the positive developments in the New Zealand economy, the recent corona … Read more
NZIER Consensus Forecasts show a slightly lower growth outlook
December 16, 2019
The growth outlook has been revised down slightly in the latest NZIER Consensus Forecasts, relative to the previous quarter. Read more
2019 Summer Reading List for the Prime Minister
December 3, 2019
This list recommends books that we hope the Prime Minister, her advisors, and anyone interested in economics and public policy, will find both informative and enjoyable to read. Read more
NZIER’s Shadow Board remains divided on where OCR should be
November 11, 2019
The range of views amongst the NZIER Policy Shadow Board on the appropriate level of the OCR at the Monetary Policy Statement (MPS) release on Wednesday has widened since September. Shadow Board members, on average, still called for the OCR to be kept on hold, but there was an increas … Read more