Doug Steel
Doug Steel is a senior economist at BNZ (Bank of New Zealand), known for his insights into macroeconomic trends and the performance of various sectors within New Zealand's economy. He has provided analysis on key economic indicators and their implications, including the recent movements in manufacturing and services sectors, indicating a potential recovery from recession.
Not in the pool (under ¢1).
Recent news mentions
Senior economist Doug Steel said there were no major surprises in the release.
Reserve Bank keeps cash rate steady as early recovery takes shape
New Zealand· 2026-02-18
Doug Steel is a senior economist at BNZ who commented on the positive implications of the PMI for GDP calculations.
Manufacturing activity surges to 4-year high, pointing to stronger GDP growthNew Zealand· 2026-01-16
Doug Steel from BNZ suggested that strong GDP performance should already be priced in.
Back in growth: GDP data shows economy expanded by 1.1% in third quarterNew Zealand· 2025-12-17
Doug Steel is a Senior Economist at BNZ.
Inside Economics: The real reason economists are confident the recovery is comingNew Zealand· 2025-11-19
BNZ senior economist Doug Steel said the bank signalled the potential for the OCR to be reduced further.
Big OCR cut boosts hopes for economic recovery: ‘Past the worst’New Zealand· 2025-10-08
The Shadow Board includes BNZ’s Doug Steel.
Inside Economics: One shot or two? Why the RBNZ’s interest rate call is so trickyNew Zealand· 2025-10-07
BNZ senior economist Doug Steel said they are sticking with their central view of two more 25-basis-point rate cuts.
OCR Preview: Economists divided on whether we’ll see a 25 or 50 basis point rate cut this weekNew Zealand· 2025-10-05
Doug Steel is a senior economist at BNZ who discussed the prospects for the third quarter.
Reserve Bank Governor announced today, plus ... was GDP really that bad? – Inside EconomicsNew Zealand· 2025-09-23
BNZ’s senior economist Doug Steel said there are accumulating early signs of life in the economy.
Inside Economics: The RBNZ’s dilemma – a two-speed economy and a one-speed OCRNew Zealand· 2025-08-19
BNZ’s Doug Steel expressed concern over the economy's failure to grow despite positive indicators.
Inside Economics: Why do we need more migrants when there are 200,000 people on the dole? Plus the lessons from the Iran conflictNew Zealand· 2025-06-25
Doug Steel is a senior economist at BNZ who commented on the economy hitting a brick wall.
Inside Economics: The recovery hits a ‘brick wall’ ... why tomorrow’s GDP data won’t tell the real storyNew Zealand· 2025-06-18
BNZ economist Doug Steel is predicting economic recovery and growth for the quarter.
Stronger-than-expected GDP growth raises risk Reserve Bank will pause cash rate cutsNew Zealand· 2025-06-15
Doug Steel is a senior economist at BNZ who provides insights on GDP growth forecasts.
Inside Economics: GDP growth forecasts brighten ... and will Chinese deflation send cheap EVs our way?New Zealand· 2025-06-11
Doug Steel has expressed concerns that confidence may be unrealistically high.
On the Up: Is self-belief the missing piece of the economic puzzle?New Zealand· 2025-04-07
Doug Steel points out that it is unusual for the Kiwi dollar not to rise during an export boom.
Inside Economics: Why the Kiwi dollar is so low and why it’s a good thing; plus, an alternative to GDP?New Zealand· 2025-03-25
BNZ’s Doug Steel wrote: 'The economic recovery we forecast for 2025 continues to take shape.'
Inside Economics: Why is the housing recovery taking so long? And what’s shrinking NZ’s current account deficit?New Zealand· 2025-03-04
Doug Steel said that the PSI is consistent with stabilisation rather than elevation.
Inside Economics: Big rate call today, plus brain drain stats reveal alarming exodus of older workersNew Zealand· 2025-02-18
