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Westpac note that the implications of...>

NEW ZEALAND
NEW ZEALAND: Westpac note that the implications of the Q1 labour market report
"for the Reserve Bank's 'maximum sustainable employment' mandate are mixed. The
fall in the unemployment rate was in line with the RBNZ's forecast, and is
getting towards the lower end of what the RBNZ would consider to be sustainable.
However, the muted wage growth to date and the slowing momentum in jobs growth
raise questions about the extent of inflation pressures in the economy."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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