Skip to main content

Subdued data won’t faze the Bank

New Zealand has probably experienced a second technical recession over the past couple of quarters. Even so, the labour market continues to recover and inflation is in good shape. So the Bank shouldn’t feel the need to deliver more stimulus. We expect the RBNZ to keep policy settings unchanged at its meeting on Wednesday 14th April. And given the solid rebound in activity and in the labour market that we think lies ahead, we expect the RBNZ to hike rates next year.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access