The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
But more recent data shows it may have already slumped again.
RBNZ could be tempted to pause next month, but senior economist Mary Jo Vergara suggests cuts are needed because economy taking longer to recover.
But bank says it had a complex situation to consider before releasing information.
The central bank has released more details after multiple Official Information Act requests over the sudden March resignation.
Two former trade ministers and a prime minister mull over New Zealand’s tariffs and trade agenda.
Net core Crown debt now $9.6 billion higher than last year.
Assistant governor Karen Silk told NBR a cut of 50bps wasn’t considered this month.
Debt-to-income ratios should help constrain prices this time around, it says.
This afternoon, the RBNZ cut the OCR by 25 basis points to 3.25%.