Shadow Board members differ in views on the extent of interest rate increases
May 23, 2022
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 23 May 2022 There is a wide range of views within the Shadow Board over how much the Reserve Bank should increase interest rates, particularly for the coming year. The majority view amongst Shadow … Read more
Shadow Board is divided over whether the RBNZ should hike by 50bp
April 11, 2022
The Shadow Board is sharply divided over how much the Reserve Bank should increase the Official Cash Rate (OCR) at the April meeting, with views split over whether the OCR should increase by 25 or 50 basis points. The surge in inflation pressures has led to growing calls for the Reser … Read more
NZIER Consensus Forecasts show a mixed growth outlook amidst higher inflation - Consensus Forecasts, March 2022
March 21, 2022
The latest NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy, but softer growth is forecast for the subsequent year. These revisions reflect recent activity indicators, suggesting that while the New Zealand economy weathered … Read more
Fast-forwarding technology to address climate change - NZIER Insight 100
March 3, 2022
New Zealand has committed to reducing carbon emissions and working with other countries to avert the worst impacts of climate change. How the country intends to do this is not clear. Read more
Shadow Board calls for substantial tightening over the coming year
February 21, 2022
The Shadow Board is calling for a sharp increase in the official cash rate (OCR) over the coming year in the face of intensifying inflation pressures. Read more
NZIER Consensus Forecasts show weaker near-term outlook
December 13, 2021
The latest NZIER Consensus Forecasts show a downward revision to the near-term outlook for the New Zealand economy. This largely reflects the expected impact of restrictions to contain the latest COVID-19 community outbreak, which turned out to persist for longer than initially expect … Read more
2021 Summer Reading List for the Prime Minister
November 24, 2021
Today the New Zealand Institute of Economic Research Incorporated (NZIER) has released its 2021 Summer Reading List for the Prime Minister. Read more
Intense inflation pressures drive calls for higher interest rates
November 22, 2021
The Shadow Board is overwhelmingly calling for a tightening in monetary policy, primarily through higher interest rates. However, this view was not unanimous, with Shadow Board members in the business community who were more cautious about further tightening at the upcoming meeting. T … Read more
Declining maths scores is a problem for the New Zealand economy - NZIER Insight 98 & 99
November 16, 2021
New Zealand’s school maths scores are declining. A solution put forward the Royal Society expert panel commissioned to investigate our poor maths performance is an increase in specialist maths skills in the teaching profession. Although the education sector could increase teacher skil … Read more
The trade implications of Mr Biden for New Zealand - NZIER Insight 97
November 9, 2021
Or what does the Chinese Century mean for New Zealand? The United States has structured world trade over the past 70 years in a way that has been positive for New Zealand. Now that the United States has relinquished its lead trading position, how will Mr Biden behave on trade policy? … Read more