#accelerate#central
The New Zealand Statistics announced on August 4th, the unemployment rate in the second quarter was reduced from 4.6% to 4% from the previous quarter, and it was below 4.4% of the market expectations, and the number of employed people increased by 1%, due to economic recovery .
The unemployment rate in the second quarter is set to the low since December 2019 and returned to the level before the new crown epidemic. At the same time, the salary accelerated, the labor cost index (LCI) of the private sector recorded 0.9%, exceeding 0.6% of the forecast.
These have become the latest signs that the economy may overheat, thus exacerbating the New Zealand's central banks may tighten monetary policy in August. ANG Bank is expected to rise in the conference in August, October and November, and then raise interest twice in February and May next year, the indicator interest rate will last 1.5% in the middle of 2022.
After the data is announced, the New Zealand is slightly higher against the US dollar, once touches the reached 0.7067, and now the 0.5% reported 0.7057.
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