Australia and New Zealand Bank’s analysis team is expecting that the New Zealand’s unemployment rate rose to 4.4% in Q2, as weakness in the economy filtered through to the labour market. Key Quotes “Survey indicators and job ads suggest employment growth was weak in Q2, consistent with subdued GDP growth.” “Wage inflation is expected to remain flat at 2.0% y/y, with a quarterly increase supported by minimum wage increases and previous tightening in the labour market.” “The higher unemployment rate should set the scene for the RBNZ to cut the OCR at the August MPS the following day, and signal that an even lower OCR is likely needed.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DUP’s Foster: “We remain focused on reaching a deal on Brexit” FX Street 4 years Australia and New Zealand Bank's analysis team is expecting that the New Zealand's unemployment rate rose to 4.4% in Q2, as weakness in the economy filtered through to the labour market. Key Quotes "Survey indicators and job ads suggest employment growth was weak in Q2, consistent with subdued GDP growth." "Wage inflation is expected to remain flat at 2.0% y/y, with a quarterly increase supported by minimum wage increases and previous tightening in the labour market." "The higher unemployment rate should set the scene for the RBNZ to cut the OCR at the August MPS the following day, and signal… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
