New Zealand’s quarterly employment report is due.
Its expected to show another rise in unemployment. Wage inflation is expected to come back a little y/y, to levels seen consistent with low and stable
inflation. The two combined should keep the Reserve Bank of New Zealand on track for a further interest rate cut at the next meeting, August 20.
This snapshot from the economic data calendarThe times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at investinglive.com.