Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

RBA needs to cut interest rates for wages to rise, says economist

Article image for RBA needs to cut interest rates for wages to rise, says economist

The Reserve Bank of Australia (RBA) needs to cut interest rates to fix underemployment in Australia, according to an ANZ economist.

The RBA kept the cash rate on hold at 1.5 per cent despite many market economists predicting they would hand down an interest rate cut.

ANZ Head of Australian Economics David Plank tells Ross Greenwood the RBA needs to cut interest rates to improve the economy.

“The underemployment rate has to come down quite a long way before wages are going to lift… and we don’t see that happening without lower interest rates.

“We think the RBA will ultimately be forced to ease, not because the economy is doing badly, but more because the economy could do better.”

Click PLAY to hear the full interview

Deborah Knight
Advertisement