- Analytics
- News and Tools
- Market News
- New Zealand: Labour market has reached a turning point, RBNZ to hike 50 bps – Westpac
New Zealand: Labour market has reached a turning point, RBNZ to hike 50 bps – Westpac
The December quarter labour market surveys were strong if a touch softer than expected. With higher interest rates now weighing on the economy, economists at Westpac think the jobs market has reached a turning point.
Turning point?
“The unemployment rate rose to 3.4%, slightly higher than forecast.”
“While the jobs market is coming from a very strong starting point, there is good reason to expect a deterioration in the years ahead. In contrast, wage inflation remains on the rise, and the turning point is likely to come later.”
“We continue to expect a 0.5% increase in the Official Cash Rate later this month.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
