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Reuters
Reuters
Business
By Lucy Craymer

New Zealand's hot migration risks fanning inflation, forcing rates even higher

FILE PHOTO: A security guard stands outside the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

Gastroenterologist Wesley Kasen arrived in Hawke’s Bay New Zealand in February with his wife Marnie, two kids and dog from Colorado. Their arrival filled a vacancy at the local hospital.

The Kasens are part of a migrant boom helping to ease the country's acute labour shortages - a relief for firms desperate to fill vacancies and keep a lid on wages but which economists warn risks fanning inflation and keeping rates higher for longer.

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