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

Why Meta could pay billions for a data labeller
Opinion

Peter Griffin: Why Meta could pay billions for a data labeller

We’re in the era of AI acquisitions as Big Tech seeks to assert its dominance.

Peter Griffin 18 Jun 2025
Archaic standards stifling innovation, engineers say
Opinion

Maria Slade: Archaic standards stifling innovation, engineers say

Some standards haven't been reviewed since the 1970s, holding NZ back, engineers say.

Maria Slade 16 Jun 2025
IPOs: Baby Come Back
Opinion

Simon Robertson: IPOs: Baby Come Back

With IPOs, there's no steady state, just opportunities. 

Simon Robertson 14 Jun 2025