The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Economist and commentator thought central bank could have paused in wake of Cyclone Gabrielle destruction.
Adrian Orr hikes again – as widely expected – to cool inflation and the economy.
Chief economist Jarrod Kerr recommends central bank stand still next week following deadly Cyclone Gabrielle, as businesses and insurance companies take stock.
Electronic card spending rises in January, but economists say household budgets are under pressure this year.
Philip Lowe delivers another 25bp hike – as widely expected – with more in the pipeline.
Two gloomy reports out this morning point to tougher times, with spending dampened.
Economists say the central bank can afford a 50bp hike later this month to cool the inflation beast.
Stats NZ data shows unemployment up to 3.4%, wage pressures building.
Economists ponder the cost of the Auckland region floods – estimated at about $100m so far.