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Weekly economic update

Fortnightly Economic Update - 17 February 2023

Issue date: 
Tuesday, 21 February 2023
Corporate author: 
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Document Date: 
Friday, 17 Feb 2023
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Only the summary of this update has been prepared in HTML. If you require a full accessible version, please contact [email protected] and cite Fortnightly Economic Update - 17 February 2023 as a reference.

  • Cyclone Gabrielle and upper North Island flooding has had a major impact on lives and will have a prolonged impact on the New Zealand economy.
  • Activity and food prices, house prices, and expected inflation reflect an easing of domestic demand.
  • Strong global activity keeps pressure on central banks to continue hiking rates.
Last updated: 
Tuesday, 21 February 2023