8 Aug 2024

Will the Reserve Bank cut interest rates next week?

From Nine To Noon, 9:25 am on 8 August 2024

All eyes are on the Reserve Bank which will decide next week whether to cut interest rates for the first time in four years.

Latest unemployment figures released yesterday show 33,000 more people are out of work - now a total of 143,000 New Zealanders are jobless.

That rise to 4.6% in the June quarter was right on the Reserve Bank's expectation.

It was the last piece of economic data to come out before the central bank considers what to do next Wednesday.

Independent economist Cameron Bagrie joins Paddy Gower.