State of the Nation – economic update from ANZ’s Chief Economist

The challenges facing the New Zealand economy in 2022 are global ones: Covid, very high inflation, labour shortages and uncertainty about how asset prices will be impacted by rising interest rates. An unprecedented housing boom has left house prices fundamentally misaligned with incomes, and vulnerable to sharp correction. The RBNZ plays catchup with the OCR in the context of broad based persistent inflation pressures. Read the report here

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