Raising productivity key to lifting NZ living standards, RBNZ's Wheeler says

Thu, 10 Aug 2017

By Paul McBeth Aug. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler wants a greater debate on how to boost New Zealand's soggy productivity levels as a means of boosting the nation's living standards. While New Zealand's economy and labour market have been enjoying strong growth in recent years - buoyed by record migration stoking population growth, record low interest rates, a construction boom, and good terms of trade - flat productivity over the same period has meant wages haven't kept pace and that's something policymakers n...

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