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After the short reactionary pod for both the RBNZ Financial Stability Review (FSR), which was pretty stock-standard, and the Q1 labour market stats - which were a little more interesting, this week's pod is shorter than it otherwise would have been. 

First topic of conversation is the latest CoreLogic House Price Index (HPI) data, which provided further more compelling evidence of a struggling housing market, particularly in Auckland (to Nick's surprise). 

With more time to digest the labour market stats, Nick then states the potential impact it might have on the OCR later in the year before Kelvin rounds up the underwhelming business confidence survey insights and building consents data. 

And what of Capital Economics' prediction for the Cash Rate in Aussie to see another lift this month? If true what does it say for the RBNZ's approach to "higher, sooner, faster and for longer", when it comes to the OCR here in NZ?

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