Skip to main content

Australia & New Zealand Chart Pack (Jan. 2024)

Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments.

Central banks in both Australia and New Zealand are likely to remain in “wait and watch” mode in the near term, given lingering risks to the inflation outlook. However, we think concerns about inflation persistence are overdone, especially with tradables inflation now in freefall. Moreover, with economic activity languishing and unemployment rising, we suspect that rate cuts will be on the table before long. We expect the RBA to start easing policy in Q2, while the RBNZ will probably wait until Q3. That said, looser policy will take time to feed through to the economy, meaning that growth won’t pick up in earnest until 2025.

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