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.
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Kerre Woodham Mornings Podcast