The Reserve Bank of New Zealand watches this indicator and its most recent dip was a big factor in their latest rate cut
Fairly stable this time around (at a very low level, of course … 2nd lowest since June Q in 2004):
The Reserve Bank of New Zealand watches this indicator and its most recent dip was a big factor in their latest rate cut
Fairly stable this time around (at a very low level, of course … 2nd lowest since June Q in 2004):