Article tagged with 'GDP'
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OCR on ice? Higher GDP has economists rethinking
19 Jun 2025 - With GDP rising higher than forecast, major banks are backing away from predictions of another rate cut. The RBNZ now faces fresh pressure to pause and reassess. [READ MORE] NZFSG and Cotality Join Forces: NZFSG’s new partnership brings Cotality’s Property Guru insights to advi...
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Calls for hold on OCR strengthen as GDP comes in higher than expected
19 Jun 2025 - Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted.
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Growth here, there, not quite everywhere
12 Jun 2025 - Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review.
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Economy grows 1.7% - Stats NZ
15 Sep 2022 - The economy grew 1.7% in the June quarter, higher than most forecasts. That follows a 0.2% fall in the preceding quarter.
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No recession, but more interest rate rises coming
12 Sep 2022 - Economic growth due to return in coming GDP numbers – with interest rate rises in its wake.
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Pressure on interest rates to ease - possibly
17 Jun 2022 - A fall in GDP numbers could slightly ease pressure on interest rates, Westpac says
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Lower growth likely in GDP numbers this week
13 Jun 2022 - Economic growth numbers for the three months til March are being released on Thursday and there is little consensus on how they will turn out.
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Strong economic rebound in December quarter – Stats NZ
17 Mar 2022 - Stats NZ has confirmed expectations and revealed the New Zealand economy grew strongly in the three months til December 31.
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Westpac tips earlier rate hike, house price decline in late 2022
28 Jun 2021 - Westpac economists have predicted that the official cash rate could rise from August next year, causing a decline in house prices in the final three months of 2022.
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Risk of higher OCR this year
25 Jun 2021 - The strength of the New Zealand economy has heightened the risk of a higher official cash rate by the end of the year, according to ANZ economists.