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Oz Blog News Commentary

Reserve bank finally lifts economy from ruins

January 14, 2026 - 12:30 -- Admin

According to the most recent NZIER Quarterly Survey of Business Opinion (QSBO), business confidence increased significantly in the last quarter of 2025. Seasonally adjusted, a net 39% of businesses anticipate improved overall economic conditions in the upcoming months. With business confidence at its highest level since March 2014, this was a significant rise from the

Consumer credit card spending slows

January 14, 2026 - 11:30 -- Admin

From boom levels to more moderate. the Westpac credit card index has come off. Though seasonal adjustments may be messing with the outcome. The most recent weekly Index reading of 158.2 is the highest on record, but these problems probably overstate its strength. Although there are some hesitant indications of deceleration around the year’s beginning,