Podcasts Other The Mike Hosking Breakfast Sharon Zollner: ANZ Chief Economist on the predicted unemployment figures and the impact on inflation

Sharon Zollner: ANZ Chief Economist on the predicted unemployment figures and the impact on inflation

Published: Oct. 31, 2023, 7:17 p.m.

Our largest bank's Chief Economist believes the anticipated unemployment figures show that the Reserve Bank's approach to tackling inflation is working.\xa0

Stats NZ will release the latest data just before 11am.\xa0

Most economists forecast an unemployment rate of 3.9%, up from 3.6% three months ago.\xa0

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.\xa0

She says it's not a great recipe, but if inflation and other pressures aren't tackled now\xa0there'll be a bigger bust down the track.\xa0

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