e, here are forecasts from economists and researchers at four major banks regarding the upcoming labour market data.
of labour demand have softened significantly in recent months, and we expect the RBNZ will downshift to a 50 bps OCR hike in February as signs of deteriorating domestic demand become increasingly established.”“We estimate that unemployment held steady at 3.3% for the December quarter. The tight labour market has spurred a sharp pickup in wage growth over the last year. We expect to see that continue in the latest quarter.
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