6. Coming up this week...


In the political economy in the week ahead:


Parliament is in the second week of a two-week recess timed to coincide with school holidays.

Stats NZ is scheduled to publish June quarter Consumer Price Index data at 10.45 am.

Economists (at ANZ) expect CPI inflation of around 0.1 percent in the quarter, which would lift annual inflation to around 1.2 percent from 1.1 percent in the March quarter. That is barely inside the Reserve Bank's target range and well below both the Reserve Bank's last forecast of 1.5 percent and the 2 percent mid-point of the target range. (Clarifies to make clear expectations are from ANZ economists.) The consensus is for 0.5 percent for the quarter and 1.6 percent for the year.

The Real Estate Institute of New Zealand is expected to publish its June sales data on Tuesday.


Stats NZ is scheduled to publish internal migration estimates at 10.45 am.

Fonterra's Globaldairytrade is scheduled to hold its fortnightly auction of wholesale dairy products on Tuesday night and Wednesday morning. Prices have fallen in eight of the 10 last auctions since the end of February, and are down seven percent this year. Prices are expected to fall a further one or two percent because of solid production forecasts in New Zealand.

Commerce and Consumer Affairs Minister Kris Faafoi and Social Development Minister Carmel Sepuloni are hosting a forum of community, business and government leaders in Otara from 4pm to try to create alternatives to high-cost predatory lending.

Four streams at the Financial Inclusion Industry Forum (FIIF) will focus on Inclusive Banking Products and Services (led by the Banking Ombudsman ), Emergency Savings (led by the Commission for Financial Capability ), Microfinance (led by Good Shepherd New Zealand ) and Cars and Car Finance (led by the Financial Services Federation ).


Stats NZ is scheduled to publish travel and migration figures for June at 10.45 am.

Next week


The New Zealand First Party is planning a party to celebrate its 25th anniversary on July 25.

Saturday and Sunday

The National Party’s annual conference is at Sky City on Saturday and Sunday July 28 and July 29. Simon Bridges will give the leaders' speech on Sunday.