Low unemployment rate will be learning experience for RBA – Lowe

Philip Lowe
Photo: Crawford Forum/Flickr

Australia’s central bank has had “little historic experience” of how the labour market would operate with a low unemployment rate, the country’s central bank governor said this week.

On November 16, Reserve Bank of Australia (RBA) governor Philip Lowe said unemployment was expected to reach 4% by the end of 2023, as the economy recovered following lengthy local lockdowns.

“We have little historical experience as to how the Australian labour market works at an unemployment rate of 4%,” he said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: