According to ANZ, the unemployment rate in New Zealand is expected to remain stable at 5.4% in the first quarter. This figure mainly reflects the state of the economy before the oil shock. The forecast highlights what the Bank of New Zealand knows is the level of idle capacity that exists in the country's economy. Despite the tough rhetoric of Bank of New Zealand Governor Breman on the issue of inflation, the reality is that the country's economy has not improved for several years. As a result, the central bank has room to take a more cautious path in the coming months, especially as oil prices fall as a result of a peace agreement.

According to ANZ, the unemployment rate in New Zealand is expected to remain stable at 5.4% in the first quarter. This figure mainly reflects the state of the economy before the oil shock. The forecast highlights what the Bank of New Zealand knows is the level of idle capacity that exists in the country's economy. Despite the tough rhetoric of Bank of New Zealand Governor Breman on the issue of inflation, the reality is that the country's economy has not improved for several years. As a result, the central bank has room to take a more cautious path in the coming months, especially as oil prices fall as a result of a peace agreement.