Inflation has fallen both here and abroad. Low energy prices are only part of the story: inflation seems like it’s not behaving like we used to expect. This is impacting central banks - and investment markets.
Most central banks remained on the interest rate side lines in July, with an exception being the Bank of Canada, which hiked for the first time in seven years. The Bank of England could be next to lift rates.
Meanwhile sharemarkets pressed higher, with the NZ market and others offshore reaching fresh highs in July.
Kim focuses on the subjects that have the ability to impact most people daily - the housing market, mortgage interest rates and inflation. She forecasts, analyses and provides insight into what these topics mean to readers: the pros and cons for particular mortgage rate options, housing affordability, or how to prepare for inflation. Kim is the author for ASB's Home Loan Rate Report, Home Economics and Housing Confidence Survey.
Kim joined ASB in early 2015 after working as an Economic Consultant. She also interned with the New Zealand Treasury while completing her BA/BCom (1st class honours) in Economics, Statistics and Politics.
Daniel has the knack of turning what may appear as a block of random numbers into a story, be it trends in migration and tourism, to consumer spending patterns. In addition to telling the story behind the numbers, Daniel has an ability to estimate what the next economic chapter may be and who stands to gain and lose from it.
He joined ASB after moving to New Zealand from London, where he spent five years analysing Latin American economies for Informa Global Markets. Although New Zealand and South America may appear as quite different economies, there are a surprising number of similarities. Countries such as Chile, Peru and Colombia are small, open economies with free-floating exchange rates, a strong commodity export focus and inflation-targeting central banks, while also dealing with the impact of much larger regional neighbours.
Daniel has also worked in foreign exchange markets for a number of years, including time spent with ABN AMRO and Lloyds Bank. He is the author of a number of ASB reports, including the NZD Barometer and Markets Monthly. When he’s not working, Daniel can often be found running, cycling or swimming along the seafront, a novelty after living in London.