New Zealand’s new Prime Minister Chris Hipkins said on Wednesday, “minimum wage to rise in line with CPI from April.”
Minimum wage increase has small inflation impact.
The New Zealand income insurance scheme will not continue as proposed.
Policy should be refocused on the expense of living.
NZD/USD is gyrating in a narrow range of around 0.6315, down 0.08% on the day, at the time of writing.
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