Australia & New Zealand Economics Weekly

Strong data out of Australia, Luxon’s faux pas

There are tentative signs that the Australian economy may be starting to heat up. We learnt that underlying inflation accelerated anew in July, while a new ABS survey showed that firms are becoming...

29th August 2025 · 5 mins read

Australia & New Zealand Economics Update

RBNZ’s independence not under threat

While New Zealand’s Prime Minister has indicated a desire for more aggressive policy loosening by the Reserve Bank of New Zealand, the institutional framework limits the government’s ability to...

28th August 2025 · 3 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Aug. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe monetary easing has further to run in the Antipodes. The case for policy stimulus is clear...

27th August 2025 · 1 min read

Australia & New Zealand Rapid Response

Australia Monthly CPI Indicator (July 25)

27th August 2025 · 2 mins read

Australia & New Zealand Rapid Response

RBA Minutes (Aug. 2025)

Although the RBA will retain its cautious approach for the time being, we believe the Bank will ultimately cut rates further than most are predicting .

26th August 2025 · 2 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: RBNZ turns dovish, Australia discusses tax reform

When the RBNZ cut rates by 25bp at its meeting this week, it acknowledged that it would need to lower the policy rate all the way to 2.5% this cycle – consistent with our longstanding forecast. And...

22nd August 2025 · 5 mins read

Australia & New Zealand Economics Update

Don’t blame the public sector for Australia's productivity malaise

Even though direct government spending now accounts for the largest share of GDP on record, we aren’t convinced that this explains the prolonged weakness in productivity growth.

21st August 2025 · 4 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: Strong jobs market won’t keep RBA from easing further

When the RBA delivered a 25bp cut this week, it signalled a willingness to lower rates below 3% for the first time this cycle. Although subsequently released labour market and wage data surprised...

15th August 2025 · 4 mins read

Australia & New Zealand Rapid Response

Australia Labour Market (July 2025)

The tick down in the unemployment rate in July is likely to keep the RBA on sidelines at its next meeting in September, but we still think the Bank will ultimately loosen policy a bit further than...

14th August 2025 · 2 mins read

Global Commercial Property Update

Global CRE needs a reset for real recovery to take hold

With interest rates staying high and closed-end funds already sitting on a large volume of investors’ capital, global real estate fundraising looks set to stay in the doldrums. We think the sector...

13th August 2025 · 5 mins read

Australia & New Zealand Rapid Response

Australia Wage Price Index (Q2 2025)

13th August 2025 · 2 mins read

Australia & New Zealand Economics Update

RBA will lower cash rate to 2.85% by mid-2026

The RBA endorsed market expectations of further easing when it lowered the cash today and we think the Bank will ultimately slash rates to 2.85%.

12th August 2025 · 3 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (August 25)

12th August 2025 · 2 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: Productivity growth picking up in New Zealand

While the Q2 labour force survey out of New Zealand showed that labour demand remains dismal, it's worth noting that firms have been squeezing more out of their existing employees. The resultant lift...

8th August 2025 · 6 mins read

Australia & New Zealand Economics Update

NZD and AUD likely to struggle over the rest of the year

The high-beta Antipodean currencies had been the worst victims of global trade tensions but have fared better since early April, relative to their G10 peers, as global risk appetite steadily improved...

7th August 2025 · 4 mins read