Reserve Bank of New Zealand Deputy Governor Hawkesby
Employment data confirmation of trend we were expecting to seeHigher interest
rates will involve a cooling of the labour marketHigh 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 longerNew Zealand data: Unemployment rate 4.3% (vs. 4.2% expected, 4.0% prior)
This article was written by Eamonn Sheridan at www.forexlive.com.