Nick Tuffley
ASB economist says surplus opens door to more govt spending
With the Government's books in good order, a bank economist is encouraging the Finance Minister to consider loosening the purse strings. Grant Robertson unveiled the biggest surplus in a decade… Audio
Business News for 16 September 2019
News from the business sector, including a market report. Audio
Business News for 9 September 2019
ANZ jumps ahead of the pack with a predicition of three more interest rate cuts by the Reserve Bank, taking the official cash rate to 0.25 % by the middle of next year. But other economists are… Audio
Business News for 26 August 2019
A bumpy ride expected on markets as US-China trade tensions escalate further, housing market confidence rises, Kiwibank signals major investment in tech, construction sector booms despite pressure on… Audio
Early Business News for 26 August 2019
A brief update of movements in the financial sector. Audio
Business News for 19 Auckland 2019
ASB Bank chief economist Nick Tuffley says NZ and the world not headed for recession, and last week's market ructions were an overreaction. MBIE tells businesses treat staff well or consumers will… Audio
Bigger than expected drop in the unemployment rate
The seasonally adjusted unemployment rate has dropped to 3-point-9 percent in the June quarter, which is the lowest rate in more than a decade, and compares with 4-point-2 percent in the first… Audio
Lower than expected inflation puts pressure on interest rates
Inflation is running below expectations, which is expected to put further downward pressure on interest rates. Audio
Economic growth was at its slowest rate in last quarter
Economic growth was at its slowest rate in nearly five years in the last quarter, with GDP rising 0.3 pct. Audio
Decade-low unemployment rate despite low business confidence
There's been a sharp fall in the number of people out of work, sending the unemployment rate to a decade-low. Audio
Inflation creeps up - Nick Tuffley's analysis
Inflation has risen to its highest level in a year, on the back of rising petrol and housing prices. Prices rose 0.9 percent in the September quarter, with annual inflation rate rising to 1.9 percent… Audio
RBNZ likely to hold rates for longer
The Reserve Bank has left the official cash rate at a record low 1.75 percent and signalled its expects to be on hold for longer than previously forecast, perhaps as long as late 2020. Audio
Business News for 2 August 2018
Slight rise in jobless rate won't prompt RBNZ rate cut. Heartland Bank restructuring for growth. Construction sector woes deepen. Latest from money markets. Audio
Labour market stays tight in Q2
The labour market remains tight despite a slight increase in the number of jobless. Audio
Northland tops economic pops
Northland has rocketed up the rankings in the ASB bank's latest look at regional economies to take the top spot after the first three months of the year. Audio
Property could be a buyer's market
Property could be a buyer's market before long as rises in value are expected to stabilise over the coming months. Audio
Reaction to Reserve Bank OCR statement
Of course the half dozen bank economists and umpteen journalists who follow these statements closely were looking at the substance of the statement as well as the style of the new governor. Audio
Consents for buildings high, construction confidence low
Latest official figures show another strong rise in the number of building consents being issued. A surge in apartment consents helped push the total number of consents in March to 2926, up 5.3… Audio
Inflation subdued and slowing, rates on hold
A rise in tobacco taxes, accommodation and petrol have lifted inflation, but been partly offset by the strong Kiwi dollar and the government's new fee-free-first-year tertiary education policy. Audio
Economic growth touch slower
The economy grew a little more slowly than expected in the final three months of last year. Audio