Here's our summary of key economic events overnight that affect New Zealand, with news global interest rates are on the move. And American benchmark mortgage interest rates have fallen below 7% for the first time since August. But the Swiss National Bank held its rates unchanged, as did the Bank of England which also conveyed a tough line against price pressures. Although the Aussie jobless rate rose to 3.9% in November, the number of new jobs rose more than expected and most of them were full-time positions. Global container shipping freight rates rose another +4% last week as the world adjusts to the two big canal pressures, mainly on routes out of China.

Source: Stuff December 15, 2023 10:11 UTC