Labour market remains tight, whopper RBNZ hike expected
The chorus sings louder for a 75bp OCR hike this month.
CTU economist Craig Renney speaks with Jonathan Mitchell.
Jonathan Mitchell
Wed, 02 Nov 2022
The Reserve Bank may deliver a more exotic rate hike this month, solidified by today’s labour market and wage inflation data, according to analysts.
Stats NZ data showed the unemployment rate remained unchanged at 3.3% in the September quarter, which missed expectations by economists, who were
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Jonathan Mitchell
Wed, 02 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
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Labour market remains tight, whopper RBNZ hike expected
Economics,
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