Tony Alexander

Economic Commentaries

Tony Alexander

Welcome to the online library we have created for placing reports and specialised commentaries too large or detailed to go into our flagship publication the BNZ Weekly Overview.

What’s New

Weekly Overview 25 May 2017

Thursday May 25th 2017

This year’s Budget contains spending increases across numerous areas as the government responds to an accelerated pace of population growth placing increased demands on public services.

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Weekly Overview 18 May 2017

Thursday May 18th 2017

Data this week show housing turnover falling but household retail spending accelerating. We look at the numbers and consider implications for some property prices of an over-supply of sub-dividable sections in Auckland and the role emotion plays in housing cycles.

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Weekly Overview 11 May 2017

Thursday May 11th 2017

The Reserve Bank surprised the markets today not by leaving the cash rate unchanged at 1.75%, but failing to adopt a tightening bias (warning of rate rises) which most expected. That has caused the NZD to fall close to US68 cents but doesn’t change the risk that bank lending rates will continue to edge slowly higher while lending rules get tighter and tighter.

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Weekly Overview 4 May 2017

Thursday May 4th 2017

House building is growing in Auckland but at a very slow pace which will see the existing shortage get worse for the next few years – or decades. But outside Auckland and Canterbury a rapid supply response is occurring. That has implications for prices in locations with low (if any) population growth. The labour market remains very strong and firms which have been struggling to find staff are going to find things even tougher going forward.

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Weekly Overview 27 April 2017

Thursday April 27th 2017

With the week again interrupted by a public holiday the Overview is once more a tad on the light side. All we do is discuss the migration numbers and take a look at the recent small decline in the NZD to just below US69 cents.

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