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flag New Zealand's business confidence hit an 11-year high in November, fueled by strong economic activity and job growth, though construction lagged.

flag New Zealand's business confidence hit an 11-year high in November, jumping nine points to 67, driven by stronger actual economic activity and rising employment across most sectors and regions, particularly Auckland and the South Island outside Canterbury. flag The recovery is seen as grounded in real performance, not just optimism, with only construction lagging. flag Inflation expectations stayed stable at 2.7%, though more firms plan to raise prices. flag The Reserve Bank cut its interest rate by 25 basis points to 2.25%, but no further cuts are expected unless unforeseen events occur.

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