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Business & Economics

New Zealand's softer jobs growth, wage inflation reinforce bets for more rate cuts

Reuters
Summary
Nutrition label

80% Informative

The South Pacific nation crept out of a recession at the end of last year .

Sluggish domestic demand and rising external risks from U.S. President Donald Trump 's global trade war remain a drag on economic growth.

The Reserve Bank of New Zealand has slashed the cash rate by 200 basis points since August 2024 to 3.5% .

VR Score

92

Informative language

99

Neutral language

54

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links