New Zealand increase in employment may lead to RBNZ interest-rate rise

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix AFP
New Zealand employment rose 1.2%, or by 27,000 jobs in the third quarter, which is the biggest increase since year 2007. The unemployment rate dropped 0.2% to 6.2%, thus matching the economist forecasts. Such surge in employment and business confidence will add pressure on inflation and wages, thus adding up to the possibility for Reserve Bank of New Zealand to start increase in interest-rate by next year.
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