Wednesday, 27th November, 2019
We expect the New Zealand economy to be regathering momentum next year, with the lull in annual growth in the tail half of 2019 – effectively now. Next Thursday sees the RBNZ reveal its final decision on bank capital requirements for locally incorporated banks and we believe the (stricter) requirements will pose a more significant headwind to the NZ economy that the RBNZ expects. This, and a myriad of (predominantly negative) local and global risks will likely push the OCR move lower over 2020. Find out more by reading the full report.