Five charts that defined the economy in 2023

Five charts that defined the economy in 2023
The interest rate decisions made by RBNZ governor Adrian Orr and the bank's monetary policy committee loomed large over the NZ economy in 2023. (Image: Getty)
Andy Fyers
It was another bumpy year for the New Zealand economy, dominated by inflation and ever-higher interest rates.Although higher rates had started to take a toll on economic growth by the second half of the year, record net migration, stubborn domestic inflation and a modest resurgence in house prices were all working against the goal of getting inflation back under 3% while trying to engineer a 'soft landing' for the economy.Here are five key charts that helped to define the economy in 2023.Interest ratesThe Reserve Bank of NZ (RBNZ) made...

More Economy

The labour market is doing what the RBNZ wants
Economy

The labour market is doing what the RBNZ wants

BNZ expects unemployment to tick up to 4.3%. 

The industrial policy debate never seems to go away
Economy

Dileepa Fonseka: The industrial policy debate never seems to go away

Industrial policy is getting a second hearing around the world, including in NZ.

Dileepa Fonseka 22 Apr 2024
How to discourage wealth
Economy

Simon Robertson: How to discourage wealth

Let NZers invest $1 offshore without making the starting point 95c every year.

Simon Robertson 20 Apr 2024
Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024