The RBNZ can keep ticking its employment mandate box

By Rebecca Howard | Wed, 05 Feb 2020


The Reserve Bank can give its employment mandate a tick with wage growth at a fresh 10-year high and lower-than-expected jobless rate in the December quarter.The central bank is due to make its first rate decision of the year on Feb. 12. It has two tasks on the monetary policy front: to support maximum sustainable employment and keep annual consumer price inflation between 1-3 percent over the medium term, with a focus on the mid-point of 2 percent.It was already expected to keep the official cash rate unchanged at a record low 1 percent after...