Reserve Bank of New Zealand Deputy Governor Geoff Bascand giving a speech about New Zealand's Labour Market.
- Labour supply and demand roughly in balance
- Strong labour supply factor in keeping policy accommodative
- Recent increases in real wages unsustainable in long run without higher productivity
Concerned recent declines in inflation expectations could become embedded in low wage settlements
via Reuters and Bloomberg wires
more to come
Full text: Strong labour force growth underpins economic growth with low inflation
