'Meh' - Q2 labour market stats reaction
Send us a question/idea/opinion direct via text message!In this quick podcast Nick and Kelvin give their reaction to the just-released Labour Market stats for Q2.Nick reckons they're pretty 'meh' and Kelvin's take is that it probably reduces the chance of a cut to the OCR, as some bank economists have called for, next week. Recent volatility across global financial markets, particularly Japan, has thrown a bit of a spanner in the works, but ultimately we expect the RBNZ to hold the line ...