Australia & New Zealand Rapid Response

Australia Monthly CPI Indicator (Aug. 2025)

Although the RBA won’t pay much heed to the pickup in headline inflation last month, the strength in core inflation will give it pause for thought. We expect the Bank to only cut rates twice more this...

24th September 2025 · 2 mins read

Australia & New Zealand Economics Weekly

RBNZ will cut further to revive the ailing economy

With New Zealand’s real GDP having plunged last quarter, the output gap is now at its most negative level since the Global Financial Crisis. The excess capacity in the economy will exert downward...

19th September 2025 · 5 mins read

Australia & New Zealand Rapid Response

Australia Labour Market (Aug. 2025)

Despite the weak employment print for August, there appears to be limited spare capacity in the labour market. Accordingly, we’re sticking to our view that the RBA will only cut rates by another 50bp...

18th September 2025 · 2 mins read

Australia & New Zealand Economics Weekly

Springtime in the Antipodes

New business surveys suggest that economic momentum in Australia will remain solid through the second half of the year. However, we would caution that these surveys have recently overstated the...

12th September 2025 · 5 mins read

Australia & New Zealand Economics Weekly

Consumer revival to temper RBA rate-cut outlook

The Australian economy bounced back strongly last quarter, buoyed by a sharp rise in consumer spending. With households' real incomes growing strongly and housing wealth increasing in tandem, we...

5th September 2025 · 4 mins read

Australia & New Zealand Rapid Response

Australia Household Spending Indicator (Jul. 25)

With the Australian consumer springing back into action, the case for aggressive policy easing is becoming weaker.

4th September 2025 · 2 mins read

Australia & New Zealand Rapid Response

Australia GDP (Q2 2025)

Activity rebounded strongly in Q2, and for all the right reasons. The pickup in domestic demand raises the risks that the RBA won’t loosen policy as aggressively as we’re predicting.

3rd September 2025 · 2 mins read

Australia & New Zealand Economics Update

Australia’s housing rebound continues to gather steam

Australian house prices rose at their fastest pace in 18 months in August. With leading indicators suggesting further gains are on the cards, we’re inclined to revise up our forecast for house prices...

1st September 2025 · 4 mins read

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