This Is Kiwi Economics: Markets, Mystics and Mayhem
Kiwibank
Join the Kiwibank Economists and the occasional special guest on this weekly series. We'll delve into data, decipher policy decisions, monitor the markets and a...
The RBNZ cuts 50bps. More please. The economy needs help
The RBNZ cut the cash rate to 3.75%, and signalled more cuts to come. With inflation now stabilising, the economy needs relief. In this episode, we run through the RBNZ’s latest policy statement and fresh forecasts. The Kiwi economy is set to recover this year, but there remains key uncertainties. There are signs of improvement in more timely activity indicators, but the balance of risks to the outlook are skewed to the downside. We discuss what this means for financial markets. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
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21:06
Expectations become reality. That’s the magic of inflation targeting
This week we’re diving into the power of inflation expectations. History has proven expectations of inflation are self-reinforcing. Expect low inflation and low inflation you shall receive. Expect high inflation and high inflation it is. The great news is that here at home, inflation expectations are freshly anchored at the RBNZ 2% sweet spot. We discuss the importance of the move, and how it should give the RBNZ confidence to deliver more. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
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19:04
32,000 jobs lost in 2024, RBNZ - What are you waiting for?
Unemployment is higher, employment growth remains in contraction, workers are being forced to the exits, and even total hours worked are in decline. The labour market continues to soften. We're delving into the details, including the demographic and the industry breakdown on who felt the brunt of the labour market slow down over 2024. With 32,000 jobs lost, there’s a lot of pain out there. Most of which has been felt by men and those newest to the labour force. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.Follow our economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
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15:20
To fix or not to fix, mortgage rates in question
This week we take a look at the mortgage book across Aotearoa. In anticipation of further rate cuts from the RBNZ the book has shortened up with 81% of borrowers fixing for one year or less.It’s a gamble that’s paying off. Naturally, the question now turns to when borrowers should fix for longer. We give our two cents. The move to shorter-dated rates is also a large driver in why we expect a recovery in the second half of this year. However, the longer-term outlook for growth is inhibited by ongoing kiwi productivity woes. We dive deeper into the Kiwi productivity problem and discuss the causes and solutions to achieve a more productive economy.
Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.
Follow our economic commentary & insights here:
https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/
Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
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19:15
Twenty-twenty-Thrive
We're back from break and feeling good about 2025. In this episode, we cover our expectations for the Kiwi economy this year - a year of two halves. The first half sees the economy is in an awkward phase. Confidence has improved, but activity is still depressed. Growth however should pick up in the second half as interest rate cuts feed through to the economy. Things are falling into place for a better year. We also touch on everything you may have missed over the break. From the latest inflation and business confidence numbers to the recent moves in the Kiwi following Trump's inauguration.Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.Follow our economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
About This Is Kiwi Economics: Markets, Mystics and Mayhem
Join the Kiwibank Economists and the occasional special guest on this weekly series. We'll delve into data, decipher policy decisions, monitor the markets and analyse the issues impacting the Kiwi economy. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.
Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
New Zealand