Listen

Description

The unexpected fall in Australia's official jobless rate is raising bets that the Reserve Bank will be forced to raise interest rates ahead of its current 2024 commitment. With unemployment now sharply lower at 5.1 percent and inflation set to rise, top economists predict the Reserve Bank will raise its cash rate in late 2022 or late 2023 as the facts change about the rapid economic recovery. ABC's Peter Ryan speaks with Sally Auld, chief investment officer at JB Were.