Investment Insights April 2023

New Zealanders are continuing to feel the pressure of inflation. The official cash rate (OCR) was increased by 0.5% on 5 April 2023, making it the highest level since 2008.

Mercer’s Chief Investment Officer, Padraig Brown shares insights from Mercer’s global network of investment experts covering:

  • How inflation and the recent increase in the OCR has impacted New Zealand investors.
  • The impacts of Cyclone Gabrielle and the Upper-North Island floods on local economies.
  • Recent updates on the banking sector.
  • Key themes for 2023.

New Zealand Defence Force Savings Schemes offer you the choice of seven different investment options. If you’re not sure if your investment option is right for you, take our Fund Selector and/or call NZDF’s appointed financial advisers, Become Wealth, on 0508 BECOME (0508 232 663) or email them at

Mercer’s team of experts based in 40 countries around the globe, including New Zealand, monitor global and local events and bring you the latest updates.  We also produce an investment report each month covering the NZDF Savings Schemes, which includes returns for each of the seven funds in each scheme.

4 May 2023