The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Government agencies must give a 10% weighting to the economic impact of procurement decisions.
Craig Renney warns yesterday’s cut will take time to come into effect.
Nicola Willis says 50 basis points cut will ease pressure on households and businesses.
It comes after concerns were raised about Reserve Bank plans to raise capital requirements for retail banks.
Economic activity in September quarter expected to be flat, latest quarterly survey of business opinion shows.
Reserve Bank must ensure it doesn’t do anything to cause inflation to rebound, shadow board advises ahead of this week’s official cash rate review.
The disparity between the currencies is its widest point since September 2022.
Commentators talk up the credentials of RBNZ governor-to-be Dr Anna Breman as a time to ‘reset and reaffirm’ independence.
Breman currently serves as the First Deputy Governor of Sweden’s central bank.