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13 July 2023

Market update: No move is big news, as OCR hike streak officially comes to an end

And there it is, finally - after 12 back-to-back increases - the break in interest rate hikes we’d all been waiting for. The question now is, when will rates start to fall again?

11 July 2023

Opinion: The RBNZ’s next move will be a rate cut - and to say otherwise is ludicrous

Back on 24th May, Adrian Orr said OCR hikes had done their job, and we'd hit the peak. So why then, six weeks later, are wholesale markets predicting we'll need another OCR hike, maybe two, in order to get inflation truly under control? Chief Squirrel, David Cunningham, shares his thoughts on this, and explains why he's pretty sure the wholesale markets have got it wrong.

16 June 2023

Market update: And with that, it's official

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.

06 June 2023

Rodney's Ravings: High immigration won't be a magic fix for labour shortages

There's a lot of debate happening right now as to whether rising immigration will be a force for good, or evil, when it comes to easing pressure on New Zealand's too-tight labour market. While many (the Reserve Bank included) are claiming it'll be a positive - a look back at history would seem to suggest otherwise.

24 May 2023

OCR analysis: Finally, we've hit the peak

The Reserve Bank has today pushed through a 0.25% increase to take us from 5.25%, up to its peak forecasted OCR of 5.50% - while also making it clear we've hit peak rates for this economic cycle.

23 May 2023

Another OCR hike is not what we need: An open letter to Reserve Bank Governor Orr

There’s a pretty unanimous sense across the financial markets right now that there's another Official Cash Rate (OCR) hike in store for us this week. Chief Squirrel, David Cunningham, says that's the last thing we need.

19 May 2023

Market update: Stabilising forces tempt more (and more) buyers off the fence

Between a weakened construction sector, increasing migration and more businesses starting to retrench (both of which are helping to ease pressure in the job market), there are lots of signs out there to indicate that inflation’s coming under control. So, will there be another OCR increase?

12 May 2023

Rodney’s Ravings: There’s time to prepare for the next house price boom

The unemployment rate doesn’t just tell us where the economy’s at, or where inflation’s headed... it can actually also help to predict when house prices will take off again.

11 April 2023

Rodney's Ravings: Economists are a threat to your financial wellbeing

Even some of NZ's smartest economic minds hadn't picked that this latest spike in interest rates would be quite as swift and brutal as it's been. But according to Rodney Dickens, the writing was on the wall for all to see - so why weren't Kiwi borrowers warned?

05 April 2023

OCR & Market update: Winter is here, but the (slow) thaw is on its way

Earlier today, the Reserve Bank made its second Monetary Policy announcement of 2023, opting to push through another double increase, and take our Official Cash Rate (OCR) from 4.75% up to 5.25%. So what does this latest OCR outcome mean?

08 March 2023

Rodney's Ravings: History suggests a recession is inevitable, and it could be a double dipper

Can the Reserve Bank get the balance right, bringing inflation under control without taking it too far, and sending us hurtling for a hard landing? Rodney Dickens says, if history's anything to go by, the chances aren't good.

22 February 2023

Reserve Bank stays the course with 0.50% OCR hike

The Reserve Bank has played things pretty much as expected with today’s Official Cash Rate (OCR) announcement, pushing through a 0.50% hike to take us from 4.25% to 4.75%.