Oz Blog News Commentary

Reserve Bank to hike twice more

February 12, 2024 - 14:00 -- Admin

The stronger-than-expected labour market data in Q4 has spooked bank economists into believing that the Reserve Bank of New Zealand will hike the official cash rate further over coming monetary policy meetings. To recap, New Zealand’s unemployment rate increased from 3.9% to 4.0%, below the Reserve Bank’s forecast of 4.2%: Employment increased by 0.4% over

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