Living la Vida COVID
- New Zealand is expected to begin opening its borders in the first half of 2022 but will face ongoing domestic headwinds in its economic recovery.
- Inflation is likely to near 6% (a thirty year high) by the end of this year and remain above 3% into 2023.
- ASB expects the OCR to reach 2% which will have an impact on other interest rates.
- Annual house price growth is sitting around 30% but predicted to slow to 22% this year and 2.5% by the end of 2022.
Contact us
Nick Tuffley
ASB Chief Economist
Since starting out in 1997 as an economist, it's fair to say Nick has seen a few hair-raising moments over the years, including the Asian Financial Crisis and the Global Financial Crisis.
One of Nick's strengths is his ability to communicate complex ideas in a readily understandable and entertaining way. He thrives on helping people understand the economic environment to help enrich the quality of their business or personal life. He’s proud to lead a team that has won two Forecast Accuracy Awards from Consensus Economics, and has a strong track record with their Official Cash Rate and dairy price forecasts.
Nick grew up in Christchurch and graduated with a Master of Commerce degree from the University of Canterbury. He learned his economic ropes at the Reserve Bank of New Zealand before a long stint as a Senior Economist at Westpac, and joined ASB as Chief Economist in 2007.
- Email: Nick
