MNI ANALYSIS: New Zealand's.............>

NEW ZEALAND: MNI ANALYSIS: New Zealand's unemployment rate rose slightly in the

second quarter but remained below the Reserve Bank's estimate of

non-accelerating inflation rate of unemployment, indicating monetary policy

remains supportive of its goal of maximizing employment. The second quarter

labor market statistics, published Wednesday, showed an acceleration in wage

growth mainly due to the impact of rise in minimum wages, and together they

support the RBNZ's on-hold for longer monetary policy stance.

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