Friday 13th February 2026

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Phil grills BNZ Head of Research Stephen Toplis on which central bank played the inflation fight better — the RBNZ with its early hammer, or the RBA with its softer touch. They tear into NZ’s slow growth, a labour market now showing 5.4% unemployment, population pressures, housing distortions, and whether China’s slowdown or Trump‑era geopolitics pose the bigger threat. Plus: can NZ keep leaning on agriculture, is tech finally a real opportunity, and how do the two neighbours stack up on growth, risks and untapped upside.

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