Quarterly Monetary Policy Statement

The political week ahead - 6 November 2017

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Some highlights to look ahead to this week in politics. This isn't a complete list, just bits and bobs that have sprung to mind. Feel free to email me at info@libertas.digital, tweet at @libertasnz, or send a Facebook message.

Monday 6 November 2017

  • Post-Cabinet press conference. This is usually held around 4pm and Labour looks like they're continuing Bill English and John Key's practice of live streaming it on their Facebook page. Several of the other main media outlets also live stream it too. It's good to get a view on what's in the week ahead for the government, as well as some of the themes journalists might explore that week. It's just a pity that the Beehive Theartrette  isn't microphoned so you can better hear the questions being asked.

Tuesday 7 November 2017

  • Commission Opening of Parliament: I won't go into the details of this, but it's an interesting process to watch, including the election of Trevor Mallard as Speaker (who else is it really going to be?). Find out more about what happens here.

Wednesday 8 November 2017

  • State Opening of Parliament: This is the where the Governor-General turns up and gives the speech from the throne that outlines the Government's legislative programme. The speech itself isn't that exciting, though it's a useful document to refer back to over the term. That's followed by the Address in Reply debate which, if it follows previous years, will see the new Prime Minister Jacinda Ardern in action for the chamber for the first time. The Address in Reply debate will carry on for a few weeks as time in the House allows. More information on this is available here.
  • Maiden speeches: I'm anticipating the Address in Reply debate will be halted around 4 or 5pm to allow new MPs to deliver their maiden speeches. These can be quite a mix of quality, so expect a few brilliant speeches, and a few train wrecks too! Like all Parliamentary business in the House you can watch this on Parliament On Demand or on Parliament TV.
  • We might also see the first pieces of Government legislation introduced this day too.

Thursday 9 November 2017

  • The first Question Time for the new Government! Traditionally The Prime Minister and party leaders aren't in the House on Thursdays for Question Time, and in this case the Prime Minister will be departing for APEC on Thursday morning.
  • The Reserve Bank will release its Quarterly Monetary Policy Statement on Thursday morning. It'll likely contain new forecasts for economic growth over the coming years, which are already tipped to ease off from the buoyant ones in the PREFU. Specifically look for warnings around inflation and economic growth not peaking at 3.7% in 2019 anymore. That being said, it's hard for the Reserve Bank to make these forecasts about the impact of policy without that detail from the Labour-led Government being available until we see their first mini-Budget later this year.
  • There'll also be more maiden speeches from around 5pm.

Friday 10 November 2017

  • Statistics NZ have two releases scheduled for Friday, both useful economic indicators too. There's Electronic Card Transactions for October 2017 and the Accommodation Survey for September 2017. The election and post-election negotiations may have impacted negatively on these, though I wouldn't expect that to be enough to offset the growth in these off the back of a relatively confident economy.

Saturday 11 and Sunday 12 November 2017

  • After a solid first international trip to Sydney to meet with Australian Prime Minister Malcolm Turnbull, Prime Minister Jacinda Ardern heads to Vietnam for APEC. Over the two days there she'll conduct a range of bilateral talks, including possibly with US President Donald Trump. These will be announced either closer to the weekend or as they happen.