Quote Originally Posted by Daytr View Post
Unemployment is a lagging indicator and participation rates need to be considered.
the labour force participation rate dipped to 71.9%

This guy has the right idea ..from interest.co.nz … Henry Russell, an economist at ANZ, warned this could prompt the Reserve Bank of New Zealand (RBNZ) to lift the OCR from 5.50% to 5.75% at its next review on February 28. “A 25 basis points hike later this month has become a very real possibility, and RBNZ Governor Orr’s speech on 16 February could raise the market-perceived probability of a hike further,” Russell said.