The majority of supervisors are still in the early stages of understanding the new phenomena. Continued sharing of supervisory practices in this area is crucial. 2/2  BIS central bankers' speeches
The proportion of the population participating in the labour force reached record levels in 2015 and labour force growth has averaged about 2 percent per year since 2012, well above expectation (Figure 1). The Reserve Bank has undertaken considerable research over the past year on the impact of migration, labour market slack, and wage bargaining by New Zealand businesses.