Wage inflation expected to hit new heights – RBNZ survey
Business survey shows OCR predicted to rise by, on average, 65 basis points this quarter.
The Reserve Bank of New Zealand has released its survey of business expectations.
Wage inflation is expected to reach 5.34% over the coming year – the highest level recorded by the Reserve Bank’s survey of business expectations since it began asking the question in 1993.
The one-year ahead wage inflation expectation, as predicted by 33 business leaders and professional
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