Talk Money: August 6, 2015

  • 06/08/2015
Talk Money: August 6, 2015

Economists say the odds have increased of another interest rate cut.

That is after the latest job numbers showed unemployment rose to 5.9 percent in the June quarter from 5.8 percent in the previous quarter.

An extra 7000 jobs were created, but that failed to keep pace with the increase in the number of people available for work.

On top of the weak dairy prices the jobs numbers are seen as another sign of a weakening economy

Most economists are picking the Official Cash Rate (OCR) will be cut by half a percent to 2.5 percent by early next year. But some are picking the OCR could be two percent by the end of the year.

Watch the video for the full Talk Money.

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