This week, 20 economists published an open letter calling for increased government spending. They argue that spending now will reduce economic pain. Read more
New Zealand’s fastest-growing sector isn’t tourism, dairy, or technology. It’s outrage. Read more
Rugby, as readers of this newsletter will know, is a game played by men with funny-shaped balls. But as well as being a lot of fun to play and to watch, it turns out that the game has other uses. Read more
Most New Zealanders would struggle to explain what bank capital requirements are, let alone why they matter. Yet the Reserve Bank’s controversial 2019 decision to nearly double these requirements affects every mortgage holder and business borrower in the country. Read more
| GDP Quarterly Change: | 0.67% |
|---|---|
| GDP Annual Change: | -0.33% |
| Inflation: | 2.35% |
| Optimal OCR: | 2.90% |
| Optimal OCR Gap: | -0.30% |
| Forecasted OCR Change: | -0.25% |