The state of our labour market

Borrowers received the first glimmer of much-wanted relief when the Reserve Bank cut the Official Cash Rate (OCR) by 0.25% to 5.25% at their meeting on 14th August.

The RBNZ had earlier noted that its estimate of the long-term neutral OCR was 2.75%, so the August cut appears to be the start of a much-needed easing cycle likely to run through to late 2025 or early 2026.

This outlook for a cut of 2.75% from the highs of the past year is great news for borrowers but may require a change of strategy for savers.

E Tipu 2024 hosts panelists Geoff Simmons, Dr Robyn Daynes and Andrew Watters.

"In a time of changing markets, changing regulations and changing global expectations, how can we in Aotearoa ensure we are producing what's demanded, while building local community resilience and the resilience of the land."

Congratulations are in order for yet another of our own. Portfolio Manager Rachel Baker has been added to the tidy list of Nuffield New Zealand Farming Scholars within the MyFarm Investments team.