EPISODE · Aug 7, 2024 · 11 MIN
Liam Dann: NZ Herald Business Editor on unemployment rising to 4.6%
from Kerre Woodham Mornings Podcast · host Newstalk ZB
New unemployment figures make a change in the Official Cash Rate now less likely. Stats NZ numbers out today show unemployment hit 4.6% in the June quarter, up from 4.3% in the March quarter. It's what the Reserve Bank predicted, although economists were forecasting 4.7%. Herald Business Editor at Large Liam Dann told Kerre Woodham any number above expectations would've made a cut more likely. He says it could still happen, but the interest markets that predict OCR changes had a cut next week priced in. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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Liam Dann: NZ Herald Business Editor on unemployment rising to 4.6%
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