TMM - News

OCR predictions change amid strong data

Wednesday 3rd of February 2021

Unemployment figures today revealed joblessness fell below 5% in the three months to December.

Stats NZ data showed a drop in the seasonally adjusted unemployment rate from 5.3% to 4.9%. 

The surprise figures were enough for ANZ chief economist Sharon Zollner to abandon her prediction of another OCR cut.

Zollner said: "We no longer expect the RBNZ to cut the OC...

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