Interest rate hikes make for pessimistic employees

Westpac's Michael Gordon says interest rate hikes are having their intended effect. (Image: Getty)

Tue, 23 Jan 2024

Westpac Bank numbers show the Reserve Bank of New Zealand’s interest rate hikes are having their "intended effect" and confidence in employment prospects is falling.The Westpac McDermott Miller Employment Confidence Index December numbers and associated indices were released Tuesday morning. “Finding and holding a job remains the biggest concern for New Zealanders,” Westpac senior economist Michael Gordon said. Perceptions of current job opportunities, which Gordon said was a potential leading indicato...

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