New Zealand Economy

The Reserve Bank of New Zealand’s aggressive monetary policy, which raised the official cash rate to a peak of 5.50%, has successfully deflated the nation’s house price bubble.

Independent economist Tony Alexander has written a detailed report on the New Zealand economy, which is experiencing a historic recession.

The Reserve Bank of New Zealand is expected to cut the official cash rate by 0.5% this week to 4.25%.

The Reserve Bank of New Zealand is expected to cut the official cash rate by 50 basis points this week, following 75 basis point reductions over the past two monetary policy meetings.

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%.