Reserve Bank of New Zealand Deputy Governor Hawkesby
- Employment data confirmation of trend we were expecting to see
- Higher interest
rates will involve a cooling of the labour market - High global
inflation still remains a key risk for financial stability
Earlier today from NZ:
- Reserve Bank of New Zealand – risk of persistent inflation, rates restrictive for longer
- New Zealand data: Unemployment rate 4.3% (vs. 4.2% expected, 4.0% prior)
This article was written by Eamonn Sheridan at www.forexlive.com. Source