Wednesday, 12th September, 2018
This week we explore the recent path of the neutral real interest rate (or Goldilocks rate – not too hot, not too cold) in NZ on Page 2. We find that it has been drifting lower since the Global Financial Crisis, which has implications for a wide variety of New Zealanders. In our Chart of the Week this week, we take a closer look at the recent currency movements of emerging economies. In the week ahead, electronic card transactions are the key local release. Meanwhile offshore, interest rate announcements by the European Central Bank and Bank of England will be closely watched, as will Australian employment data on Thursday.