Mike is BNZ's Chief Economist. Mike is passionate about using economic insights to help people and businesses make quality decisions that create a better future for our communities and for New Zealand.
GDP update reveals larger 2024 crunch
Even as more timely data suggest we’re past the worst
Aggressive OCR cuts to continue
Signs housing market oversuppl...
We tour the economy’s four most interest rate-sensitive sectors for signs of a rate cut response
Impact to date more one of stabilisation than elevation
Perh...
Economy still scraping along the bottom
Inflation at target and likely to stay there
House price expectations unchanged; we see a flat 2024 ahead of a 7% lif...
Eco news turns less negative
Fundamental downforces lifting, but way ahead still a trudge
Overall, more evidence economy around ‘peak bad’
Interest rates ...
RBNZ kickstarts the easing cycle
Greenlights a slow ‘n’ steady downtrend
Helps the 2025 economic outlook, but near-term growth picture still troubled
With...
Downtrend in interest rates arrives
Average mortgage borrowing terms are shorter than prior to past RBNZ easing cycles
That’s despite the extra upfront cost ...