Adaptation, Anticipation and Apprehension

Oil prices have returned to pre-war levels. The market expects the price of Dubai crude to remain between $60-70 US/barrel through to the end of the decade.The rosier oil picture lowers medium term inflation risk and reinforces our call: hold the OCR and give the economy breathing room. Read more about our call in our mid-year outlook note.We're cautiously optimistic that AI will enhance New Zealand's productivity, rather than replacing our jobs as Economists. We remain keenly interested in its impact on crowding out, regulatory lag, and competition.Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.