The unemployment rate was steady at 5.1% in the March quarter, better than market expectations. Wage growth continues to slow. Unemployment rate: 5.1% (prev: 5.1%, Westpac f/c: 5.3%, RBNZ f/c 5.2%) Employment change: +0.1% (prev: -0.2%, Westpac f/c: +0.1%, RBNZ f/c 0.0%) Labour costs (private sector): +0.4% (prev: +0.6%, Westpac f/c: +0.4%, RBNZ f/c +0.6%) […]

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