Sharon Zollner: ANZ Chief Economist on the predicted unemployment figures and the impact on inflation
The Mike Hosking Breakfast · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Our largest bank's Chief Economist believes the anticipated unemployment figures show that the Reserve Bank's approach to tackling inflation is working.
Stats NZ will release the latest data just before 11am.
Most economists forecast an unemployment rate of 3.9%, up from 3.6% three months ago.
ANZ's Sharon Zollner told Mike Hosking that spare capacity is needed in the labour market to avoid the risk of a wage price spiral, and bring down inflation.
She says it's not a great recipe, but if inflation and other pressures aren't tackled now there'll be a bigger bust down the track.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.