RBNZ should focus on fewer labour market indicators – paper
Researcher proposes using ‘high-quality’ indicators to monitor inflationary pressure
The Reserve Bank of New Zealand (RBNZ) should focus on using fewer indicators to monitor inflationary pressure from the labour market, a research paper says.
Currently, the RBNZ looks at a range of 44 labour market indicators, as part of its considerations for setting monetary policy. It also considers how the indicators compare with their strongest or weakest levels since 2000.
Christopher Ball, senior adviser to the RBNZ and the author of the paper, says many of the 44 indicators have performed
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