New Zealand Economy

The latest consumer price index (CPI) data for New Zealand showed that headline inflation had fallen to only 2.2% in the year ended Q3 2024, tracking within the Reserve Bank’s inflation target of 1% to 3%.

The Reserve Bank of New Zealand’s aggressive monetary policy, which raised the official cash rate to a high of 5.50%, continues to deflate the nation’s housing bubble.

When central banks tighten interest rates, there is always the risk that they may keep them too high for too long, throwing the economy into recession.

The Reserve Bank of New Zealand’s aggressive monetary policy, which lifted the official cash rate to a peak of 5.50%, successfully unwound the nation’s pandemic house price gains.

When central banks tighten interest rates, there is always the risk that they keep rates too high for too long, driving the economy into a tailspin.

The Reserve Bank of New Zealand was one of the most aggressive central banks in the world, lifting the official cash rate to a peak of 5.50%.

Between December 2013 and March 2023, New Zealand’s unemployment rate was on average 0.3 percentage points below Australia’s.

The Reserve Bank of New Zealand’s ultra-aggressive monetary tightening successfully disarmed the nation’s housing bubble, fully unwinding the explosive value gains recorded over the pandemic.

The Reserve Bank of New Zealand has cut the official cash rate by 0.75% over the past two monetary policy meetings.

New Zealanders are experiencing one of the deepest recessions in modern times.

Net overseas migration continues to retrace in New Zealand as recession-hit Kiwis escape to Australia.

The Reserve Bank of New Zealand has slashed the official cash rate by 0.5% to 4.75%.

New Zealand’s economy is a disaster zone.

According to the REINZ house price index, national home values in New Zealand have fallen 16.7% since the market peak in 2021.

The Reserve Bank of New Zealand is already battling deflation in the housing market, where prices nationally have declined 16.7% from their 2021 peak.

The Real Estate Institute of New Zealand’s (REINZ) House Price Index (HPI) reported a 16.7% decline nationwide from the market peak in 2021.

The Real Estate Institute of New Zealand’s (REINZ) House Price Index (HPI) reported a 16.7% decline nationally from the market peak reached in 2021.

Statistics New Zealand has released the Q2 national accounts, which revealed that New Zealand’s real GDP declined by 0.2% over the quarter, with per capita GDP declining by 0.5%.

The Reserve Bank of New Zealand cut the official cash rate (OCR) by 0.25% last month to 5.25%.

New Zealand experienced the developed world’s largest house price boom over the pandemic.

This week, the Australian Bureau of Statistics released monthly net permanent and long-term arrivals data, which revealed that immigration into Australia remains turbo-charged: The opposite is playing out across the pond in New Zealand, where immigration is easing rapidly amid a significant outflow of New Zealand residents to other nations, most notably Australia.

The Reserve Bank of New Zealand’s unexpected 0.25% cut to the official cash rate was an admission that the economy is deteriorating considerably faster than the central bank had anticipated.