The Reserve Bank will be keeping a close eye on this morning's employment data as it mulls over next week's Official Cash Rate decision. 

Most economists expect the unemployment rate will rise. 

But they're now divided on whether the central bank will cut the OCR next week, next month, or in November. 

ASB senior economist Mark Smith told Ryan Bridge this morning's data should give them a steer on how inflation is tracking. 

He says as the unemployment rate rises and wage growth slows, inflation is likely to come down, meaning interest rates need to come down as well. 

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

The Reserve Bank will be keeping a close eye on this morning's employment data as it mulls over next week's Official Cash Rate decision. 
Most economists expect the unemployment rate will rise. 
But they're now divided on whether the central bank will cut the OCR next week, next month, or in November. 
ASB senior economist Mark Smith told Ryan Bridge this morning's data should give them a steer on how inflation is tracking. 
He says as the unemployment rate rises and wage growth slows, inflation is likely to come down, meaning interest rates need to come down as well. 
LISTEN ABOVE 
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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The SME Stream

Mark Smith ASB Senior Economist ahead of today's employment data release

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/80da1620-e715-4c1c-9b9e-b1f300011e55/transcript