Jobs data won't jolt the RBNZ

Mon, 03 Feb 2020

This week’s jobs figures are expected to show a steady unemployment rate, adding to the view the Reserve Bank will leave the official cash rate at 1 percent at the Feb. 12 review. Economists are expecting an unemployment rate of 4.2 percent, the median in a Bloomberg poll shows. Stats NZ is scheduled to release the data on Wednesday.ASB Bank economist Mike Jones said a result on expectations would confirm the RBNZ continued to meet its “maximum sustainable employment” objective and that last week’s inflation figures confirmed the central...

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