The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Core Crown tax revenue was 0.7% above forecast at $38.6 billion, while net debt also above expectations.
WATCH: RBNZ’s Christian Hawkesby speaks with NBR about the central bank’s willingness to raise the OCR again.
Kiwibank chief economist Jarrod Kerr surprised by tough language in RBNZ’s November monetary policy statement.
The RBNZ held the official cash rate at 5.5% today, no cuts likely until 2025.
The RBNZ is widely expected to hold the OCR at 5.5% tomorrow, as inflation falls and unemployment ticks higher.
Coalition Government agrees to remove the RBNZ's dual mandate to just target inflation.
SMEs call on incoming Government to prioritise small business.
With the Moana NZ festival expected to generate $27m in GDP, Auckland’s economic and cultural agency hopes new event could help fill coffers despite reduced council events budget.
Annual migration hits record high, while electronic card spending softens slightly ahead of OCR decision.