Stephen Toplis

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Stephen Toplis

Stephen Toplis
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The other bank economists, unsurprisingly, had to wait for the midday announcement before they could start preparing their commentary. BNZ's commentary by head of research Stephen Toplis was released more than three hours later.

As BNZ's head of research Stephen Toplis put it in his review of the labour market data: "The labour data provide the RBNZ with no excuse to even contemplate lowering interest rates. To the contrary, in and of itself, these figures suggest the RBNZ should be seriously considering raising rates."

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