Australia and NZ Weekly Economic Preview Review

A weekly review of Australian and New Zealand macroeconomics, projecting the RBA to hold rates in June and the RBNZ to hold the OCR at 2.25% in May.

Key Takeaways

• 1.The RBA is expected to remain on hold in June following a rise in the unemployment rate to 4.5%, with a final rate hike now projected for August.
• 2.Australian headline CPI inflation is forecast to remain steady at 4.6% yoy for April, though trimmed mean inflation may edge slightly higher to 3.4% yoy.
• 3.The RBNZ is forecast to maintain the Official Cash Rate at 2.25% in May as core inflation and wage growth remain contained.

Table of Contents

• Key data over the past week
• Key focus in the week ahead
• Australia: Week commencing 25 May 2026
• Wednesday 27 May, 11:30am AEST CPI, April
• Construction Activity, 1Q2026
• Thursday 28 May, 11:30am AEST Household Spending, April
• Private Capex, 1Q2026
• Friday 29 May, 11:30am AEST Credit, April
• New Zealand: Week commencing 25 May 2026
• Wednesday 27 May, 2:00pm NZT RBNZ Official Cash Rate & Monetary Policy Statement, May
• Thursday 28 May, 2:00pm NZT New Zealand Budget 2026
• Australia & NZ Indicator Dashboard

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