The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
The NZX50 and ASX200 again follow Wall Street’s weakness as health of US economy put in the spotlight.
Volatile night as Wall Street plunges, US data disappoints, currency tension, and the BoE rate cut.
Data proves a good recipe to bake in rate cuts later this year.
ANALYSIS: The two banks have had different priorities and approaches to policy. Is one approach better, or are conditions so different?
ANZ and Westpac shift goal posts to November rate cut after annual inflation fell to 3.3%.
Annual inflation has fallen faster than expected, reinforcing calls for an earlier OCR cut this year.
The manufacturing sector has been in contraction for 15 months, while households quit buying luxury items.
Annual food prices decline for the first time in nearly six years, Stats NZ data shows.
Kiwibank’s Jarrod Kerr has growing confidence that the central bank’s softer tone signals cuts ahead this year.