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.

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

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

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

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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

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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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