Unemployment fall reinforces need to hold OCR, say economists
The latest jobless rate has fallen to 5.3%, which is better than economists had expected.
The RBNZ is expected to hold the OCR later this month.
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A slight fall in unemployment has been overshadowed by lingering uncertainty about the Iran conflict and should keep the official cash rate on hold in the short term, economists say.
Statistics NZ data out this morning showed the jobless rate fell from 5.4% to 5.3% in the March quarter, which is
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