New unemployment figures make a change in the Official Cash Rate now less likely.

Stats NZ numbers out today show unemployment hit 4.6% in the June quarter, up from 4.3% in the March quarter.

It's what the Reserve Bank predicted, although economists were forecasting 4.7%.

Herald Business Editor at Large Liam Dann told Kerre Woodham any number above expectations would've made a cut more likely.

He says it could still happen, but the interest markets that predict OCR changes had a cut next week priced in.

LISTEN ABOVE

New unemployment figures make a change in the Official Cash Rate now less likely. 
Stats NZ numbers out today show unemployment hit 4.6% in the June quarter, up from 4.3% in the March quarter. 
It's what the Reserve Bank predicted, although economists were forecasting 4.7%. 
Herald Business Editor at Large Liam Dann told Kerre Woodham any number above expectations would've made a cut more likely. 
He says it could still happen, but the interest markets that predict OCR changes had a cut next week priced in. 
LISTEN ABOVE

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Liam Dann: NZ Herald Business Editor on unemployment rising to 4.6%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f2d2f602-d89a-491e-8abe-b1c50002d2cb/transcript

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