The RBNZ will be paying close attention to the jobs data

The RBNZ will be paying close attention to the jobs data
The jobs data is due next Wednesday. (Image: Getty)
Rebecca Howard
New Zealand’s central bank has a dual mandate – at least for now – and next week’s jobs day may well shift the dial on the official cash rate peak.The Reserve Bank of NZ (RBNZ) claims rates have peaked at 5.5%, but the market is currently pricing around a 50% chance of a 25-basis point rate hike in November.  That will take the official cash rate (OCR) to 5.75%, spelling more pain for mortgage holders.The central bank is currently charged with keeping inflation at 1% to 3% and ensuring maximum sustainable employment...

More Opinion

Nike. Are they doing it?
Opinion

Simon Robertson: Nike. Are they doing it?

Business models are incredibly important. Nike’s is flaying.

How to manage a commercial leasing dispute
Opinion

Georgina Toomey: How to manage a commercial leasing dispute

Relationships between tenants and landlords can sour. 

Georgina Toomey 25 Jul 2024
Black Swan digital disasters are looming
Opinion

Peter Griffin: Black Swan digital disasters are looming

We can learn much from the Crowdstrike outage about living with concentrated tech.

Peter Griffin 25 Jul 2024
KiwiSaver funds inch ahead
Opinion

David Chaplin: KiwiSaver funds inch ahead

Little separated the variety of KiwiSaver funds in the past quarter. 

David Chaplin 24 Jul 2024