RBNZ can tone down after unemployment, inflation data
Economists say the central bank can afford a 50bp hike later this month to cool the inflation beast.
BNZ chief economist Mike Jones speaks with Jonathan Mitchell.
The Reserve Bank can cool its jets and raise the official cash rate by a more modest – but still punchy – 50 basis-points later this month, with economists revising predictions after today’s unemployment and wage inflation numbers.
Stats NZ data showed unemployment nudged slightly higher to
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