Report published June 29, 2026
Australia & New Zealand Weekly: Westpac Economic Analysis - 29 June 2026
Westpac · June 29, 2026
This report analyzes the economic outlook for Australia and New Zealand, focusing on the RBA's hawkish stance against persistent inflation and the RBNZ's shift toward scaling back OCR hikes due to falling energy prices.
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Finvaulta summarizes Westpac's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The RBA is likely to maintain a hawkish stance with a potential 25bp hike in August, driven by concerns that inflation is uncomfortably high.
- 2.New Zealand's RBNZ is expected to scale back planned OCR hikes following a rapid decline in global energy prices and easing Middle East tensions.
- 3.Labour markets in Australia are softening slowly, with recent data broadly in line with expectations rather than signaling a game-changing downturn.
Table of Contents
- Economic Insight: Between a rock and a hard place
- The Week That Was: Patience is a virtue
- Focus on New Zealand: RBNZ to scale back OCR hikes as energy prices recede
- For the week ahead
- What to watch
- Looking Further Ahead
- Corporate Directory
Report data
Australian economic forecasts
| Metric | Estimate | Context |
|---|---|---|
| Brent crude oil | 73 USD/barrel | Market price for oil |
Reports in this series
Australia & New Zealand Weekly is shown in chronological order through this edition, published on June 29, 2026.
Part of the Australia & New Zealand Weekly series — view all 5 editions
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