It’s getting close to the summer holiday period, but there’s no let up yet in economic action. If anything, it’s busier than ever!
This month we headline our November 2022 newsletter with the biggest economic move: the Reserve Bank’s massive 75 basis point increase to the official cash rate (OCR). Principal Economist Brad Olsen examines what the decision means, where the OCR might go in 2023, and what rising interest rates mean for the economy.
Senior Economist Rob Heyes discusses the new Open Banking announcement, what it’s designed to do, and how it might work to deliver a better deal to consumers.
Earlier in November we released our September 2022 Quarterly Economic Monitor, with our examination of regional economies showing elevated economic results as tourism rebounds and spending remains solid. Brad’s media release recaps the key points, including how capacity constraints are limit acting to restrain even further growth.
It might be barking mad for an economist, but Brad has once again analysed the latest figures on dog registrations around New Zealand. Data shows that the dog population has grown more than the human population in recent years, and Brad crowns Floof Capital of New Zealand for 2022!
