The Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said on Wednesday that higher interest rates mean cooling jobs market.
The Reserve Bank of New Zealand Deputy Governor Christian Hawkesby said on Wednesday that higher interest rates meancoolingjobs market. He further stated that high global inflation remains a key risk for financial stability. Key quotes “Employment data confirmation oftrendwe were expecting to see.” “Higher interest rates will involve a cooling of thelabourmarket.” “High global inflationstillremains a key risk for financial stability.” Market reaction TheNZD/USDpair is trading higher by 0.
Qs What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index , falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
Newzealand Macroeconomics Centralbanks
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