It's pretty easy to take conflicting views of the labour market at the moment. Also released as part of the suite of labour market figures on Wednesday will be information about wage rises. Risks are skewed towards wage inflation picking up in 2022 given tight labour market conditions and elevated headline inflation. "The outlook is uncertain, but we expect labour market conditions to soften, paving the way for eventual OCR cuts. And he thinks the March quarter labour market figures will "show that such a dynamic is getting under way".

Source: New Zealand Herald May 02, 2022 03:45 UTC