The 0.8% q/q rise in New Zealand's GDP in Q1 was flattered by residual seasonality and overstated the economy's underlying momentum. Even so, with the RBNZ increasingly concerned about inflation risks, we think it will start hiking rates at its next meeting in July. Meanwhile, Australia's far-right One Nation Party has taken the lead in voting intentions ahead of the 2028 election. Its recent surge introduces significant uncertainty into the medium-term outlook for policy and economic growth.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
