Nick Tuffley
Nick Tuffley is the chief economist at ASB Bank, recognized for his analysis of economic trends and monetary policy. He has noted that the Reserve Bank of New Zealand's easing cycle may be nearing its end, highlighting the complexities of interest rates amid changing market conditions.
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Recent news mentions
ASB chief economist Nick Tuffley said the vote showed the RBNZ’s position was finely balanced.
Reserve Bank makes split vote call: Rates hikes are coming, how far will they go?
New Zealand· 2026-05-27
Nick Tuffley is ASB’s chief economist who expresses optimism about the economic outlook.
Will lower interest rates finally ease the squeeze? - Nadine HigginsNew Zealand· 2025-12-20
Nick Tuffley is the ASB chief economist who provided optimistic forecasts for economic growth.
Why fixed mortgage rates are headed up already after Reserve Bank cuts – Inside EconomicsNew Zealand· 2025-12-09
Nick Tuffley is the ASB chief economist who described the Reserve Bank's approach as more cautious than expected.
Reserve Bank narrows odds on new Governor cutting in FebruaryNew Zealand· 2025-11-26
ASB chief economist Nick Tuffley said October’s figures could be a good sign for the market ahead.
Cotality data shows house prices up 0.2% in October, green shoots visibleNew Zealand· 2025-10-31
ASB chief economist Nick Tuffley discussed the implications of the Reserve Bank's decision on inflation and economic recovery.
ASB cuts fixed term morgtage rates: New 18-month rate of 4.45% puts bank ahead of othersNew Zealand· 2025-10-20ASB chief economist Nick Tuffley said the decision signalled that the likelihood of inflation pressures being weaker than previously anticipated carried more weight than waiting to see how quickly the economy rebounds.
Reserve Bank slashes Official Cash Rate by 50 basis points to 2.5%New Zealand· 2025-10-08
ASB chief economist Nick Tuffley has argued the OCR needs to get down to 2.25%.
BNZ cuts mortgage rates to match rivals ahead of OCR announcementNew Zealand· 2025-10-06
ASB chief economist Nick Tuffley said the OCR needs to go lower than recently thought to get monetary conditions more into stimulatory territory.
OCR Preview: Economists divided on whether we’ll see a 25 or 50 basis point rate cut this weekNew Zealand· 2025-10-05
Chief economist Nick Tuffley said there was a general theme of South Island areas doing well and some divergence in the bigger centres.
Wellington falls to bottom of ASB’s economic scoreboard; Bay of Plenty star performerNew Zealand· 2025-09-15Nick Tuffley, ASB chief economist, noted that it was not unprecedented for a region to experience significant economic fluctuations.
Gisborne last on economic scorecard but locals still optimistic for futureNew Zealand· 2025-06-19
Nick Tuffley is the chief economist at ASB.
Mortgage wars: ASB cuts home loan rates, draws level with rivalNew Zealand· 2025-06-03
Nick Tuffley, ASB chief economist, said he expected two more cuts to the OCR.
ANZ cuts home loan rates, lowest rate in three yearsNew Zealand· 2025-06-03
Nick Tuffley is the ASB chief economist who commented on the RBNZ's need to set the OCR at a stimulatory level.
OCR decision: RBNZ takes ‘dovish’ tone, expected to cut rates further on tariff downturnNew Zealand· 2025-04-09ASB chief economist Nick Tuffley said the decision should be a straightforward one despite being made in an increasingly less straightforward world.
Live updates: Reserve Bank cuts Official Cash Rate by 25 basis points to 3.5%New Zealand· 2025-04-09Nick Tuffley is the ASB chief economist who discussed the implications of monetary policy.
OCR Preview: Amid tariff turmoil, will the Reserve Bank cut again?New Zealand· 2025-04-07
ASB chief economist Nick Tuffley described the direct tariff as 'moderate'.
US tariff hit: $900m or 0.2% of GDP ‘manageable’ but global fallout could be worse - WestpacNew Zealand· 2025-04-03
ASB chief economist Nick Tuffley said the details would likely show uneven fortunes by sector.
Out of recession: New Zealand’s GDP rises 0.7%New Zealand· 2025-03-19
ASB chief economist Nick Tuffley said the details would likely show uneven fortunes by sector.
GDP Preview: Have we escaped recession? New data due this weekNew Zealand· 2025-03-16
Nick Tuffley is the ASB chief economist who commented on the surprise resignation.
Who could replace Adrian Orr as Reserve Bank Governor?New Zealand· 2025-03-05
ASB chief economist Nick Tuffley said the results aligned with expectations for a slower pace of OCR cuts for the rest of 2025.
Housing confidence back to 2020 levels - surveyNew Zealand· 2025-02-23
Nick Tuffley is the chief economist at ASB commenting on the RBNZ's easing cycle.
OCR preview: Big cut coming this week but future path is less certainNew Zealand· 2025-02-16