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RBNZ Sees Risk of Tighter Labor Market When Border Reopens

  • Assistant Governor Christian Hawkesby speaks at conference
  • New Zealanders may seek employment opportunities overseas
Pedestrians walk past cafes and restaurants in Auckland, New Zealand, on Dec. 5.

Pedestrians walk past cafes and restaurants in Auckland, New Zealand, on Dec. 5.

Photographer: Brendon O'Hagan/Bloomberg
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New Zealand’s central bank is wary that the labor market could get even tighter in the near term as workers take advantage of a reopened border to seek employment overseas.