NEW ZEALAND'S SOFTER JOBS GROWTH, WAGE INFLATION REINFORCE BETS FOR MORE RATE CUTS
https://media.zenfs.com/en/reuters-finance.com/0661dbd18458c6cbeb823b5768556f96
✍️ New Zealand's employment growth was soft in the first quarter, with the jobless rate holding at 4-1/2-year highs and wage inflation moderating, leading to expectations of more interest rate cuts.
👉 New Zealand's employment growth was soft in the first quarter 👉 Jobless rate held at 4-1/2-year highs 👉 Wage inflation moderated 👉 Reserve Bank of New Zealand expected to cut interest rates further 👉 Unemployment rate remained unchanged at 5.1% 👉 Employment increased 0.1% from the previous quarter 👉 Wage growth slowed in the quarter
-- #LucyCraymer #MilesWorkman #MichaelGordon #MarkSmith #NewZealand #Wellington #world
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