The Reserve Bank has increased the official cash rate to 2.75%. But much of the inflation affecting New Zealand wallets is imported and beyond the bank’s control.
- Senior Lecturer, Department of Economics and Finance, Auckland University of Technology
Punishing penalties for not meeting investment targets? A ‘tsunami’ of Indian migrants? The full agreement suggests the deal is not that dangerous.
The strategic significance of the agreement extends beyond bilateral trade. It positions New Zealand as a potential gateway for India into the Pacific.
New Zealand is falling well behind Australia in its economic relationship with India. Catching up will require significant political engagement.
Disruption at each stage of supply chain – production, transportation and distribution – is forcing New Zealand to ‘import’ more inflation. There will be no quick fix in 2022.
With other international education markets still struggling with the COVID-19 pandemic, New Zealand and Australian universities should position themselves as premium destinations.
New Zealand has become more economically dependent on China than many nations in the past generation, with a 12-fold jump in trade in commercial services.
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