Skip to main content

Australia & New Zealand Chart Pack (Oct. 2023)

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 retain their hawkish bias in the near term, given that inflation is far from tamed in either country. While we think the RBNZ's tightening cycle is over, we expect RBA to hand down one final 25bp rate hike in November. Although activity has proven somewhat resilient thus far, we doubt it can keep defying economic gravity. Consequently, we still expect both Antipodean economies to fall into recession in H2 2023. As output falls and disinflation gathers pace, we expect central banks to start loosening policy next year. That said, GDP growth will return to potential only in 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