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RBNZ winning with its pause


ASB’s Smith says the bank expects the unemployment rate to move below its maximum sustainable level by the end of next year. This should temper wage increases and significantly dampen pressures on core inflation.

Westpac senior economist Darren Gibbs says indicators suggest that employment growth has begun to slow in recent months... domestic inflation will moderate by enough to allow overall CPI inflation to move back into the target range over the coming year or so.

Jarrod Kerr, Kiwibank chief economist, says there are clear signs the tight financial conditions are already restraining demand.
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