Fed up and the fight ain’t over
NAB Morning Call
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Is the RBNZ Taking Rates Up?
The labour market remains quite tight. The unemployment rate still low at what, 3.7%. There's enough concern about wage price spiral for the Bank of England to take rates up from 3.5 to 4. But that's when it becomes trickier, right? And we're already seeing signs that housing markets slowing and all those other pressures. So, beyond there, I think it's much more open for the debate. Very politically difficult beyond that, isn't it? Then let's look at New Zealand. employment was up less than expected, 0.2% Q on Q in Q4,. which saw the unemployment rate sort of bump up slightly to 3.4%. labor costs
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