Liam Dann

1 week ago | nzherald.co.nz | Liam Dann

ANZ economists now expect the Reserve Bank (RBNZ) will have to cut the Official Cash Rate to 2.5% as the economic recovery progresses at a slower-than-expected pace. They had previously forecast the RBNZ to pause at 3%. The rate is currently sitting at 3.5%. Recent data suggested the economic recovery, while certainly well under way, was looking a bit more stop-start than our current forecasts imply, ANZ chief economist Sharon Zollner said.

1 week ago | newstalkzb.co.nz | Liam Dann

ANZ economists now expect the Reserve Bank (RBNZ) will have to cut the Official Cash Rate to 2.5% as the economic recovery progresses at a slower-than-expected pace. They had previously forecast the RBNZ to pause at 3%. The rate is currently sitting at 3.5%. Recent data suggested the economic recovery, while certainly well under way, was looking a bit more stop-start than our current forecasts imply, ANZ chief economist Sharon Zollner said.

1 week ago | nzherald.co.nz | Liam Dann

US President Donald Trump's tariffs have created global economic uncertainty. OPINION Welcome to Inside Economics. Every week, I take a deeper dive into some of the more left-field economic news you may have missed. To sign up for my weekly newsletter, click here. If you have a burning question about the quirks or intricacies of economics, send it to [email protected] or leave a message in the comments section. Coping with uncertaintyAdvertisementAdvertise with NZME.

1 week ago | nzherald.co.nz | Liam Dann

“However, inflation is set to linger above 2% for some time. Even though domestic price pressures are continuing to ease, a pick-up in imported cost pressures is limiting the downside for overall inflation.”The March quarter CPI release pre-dated the “Liberation Day” chaos that we saw in recent days, Ranchhod said. However, there had still been some big changes in the global outlook that could be reflected in the Consumers Price Index (CPI).

1 week ago | nzherald.co.nz | Liam Dann

The number of departing Kiwis has stabilised. Photo / 123rfThe annual rate of net migration gain has stabilised at 32,900 for the year to February. That compares with a gain of 32,500 in the year to January but follows a big slump as departures soared and arrivals fell last year. Annual net migration peaked in the year ending October 2023, with a gain of 135,500. The annual net migration gain in the year to February 2024 was 113,700.