Paul Bloxham: HSBC chief economist on Australia's unemployment rate reaching 4 percent
Heather du Plessis-Allan Drive · Newstalk ZB
January 21, 20255m 41s
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Show Notes
Over in Australia, the unemployment rate increased to 4 percent in December - raising questions ahead of a potential interest rate cut next month.
Unemployment is one of the key metrics the RBA uses to inform interest rate settings, and a weakening market could encourage the central bank to reduce rates.
HSBC chief economist Paul Bloxham explains further.
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Topics
businessAustraliaeconomy