New Zealand Labour Market (Q3)

While employment growth was stronger than expected in the third quarter, wage growth remained worryingly weak. This will do little to allay the RBNZ’s concerns about the inflation outlook and as a consequence does not change our view that the RBNZ will cut interest rates from 2.00% to 1.75% at next Thursday’s policy meeting.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.