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How low could NZ interest rates go, as employment and inflation weaken?
When Statistics New Zealand released employment data on May 1, it appeared to show the labour market remains in rude health. The unemployment rate dropped marginally to 4.2 per cent, close to the lowest level New Zealand has seen in a decade, and below where it was at the time of the 2017 election. Employment Minister Willie Jackson celebrated the news, describing it as evidence of Government "policies that support workers and business". But underneath the unemployment rate - which always attracts a disproportionate amount of attention when the quarterly household labour force survey is released - was news that the ... (full story)
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