NZ economy ran hot in September quarter

NZ economy ran hot in September quarter
The border re-opening underpinned growth. (Image: NZME)
Rebecca Howard
New Zealand’s economy expanded 2% in the September quarter, well above expectations and well above its global peers.  Economists had tipped the economy to expand by 0.9%, according to the median of 16 polled by Bloomberg. The Reserve Bank of New Zealand had forecast an expansion of 0.8%.The fact that the economy is still running hot will add to the view that the central bank needs to keep hiking interest rates to bring inflation under control.The 2% expansion follows a revised 1.9% in the June quarter, Stats NZ said. When compared wi...

More Economy

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025
Paul Bloxham: NZ's growth to stem worker outflow to Australia
Economy

Paul Bloxham: NZ's growth to stem worker outflow to Australia

HSBC's chief economist says NZ will benefit from Chinese economic pivot.

Capital requirements review doesn't mean they are too high
Economy

Capital requirements review doesn't mean they are too high

The Reserve Bank of NZ is not committed to any one particular outcome. 

Rebecca Howard 07 May 2025