Bernard Hickey
speaker
288 appearances
1 recordings
1 series
first heard Jul 2026
last heard 12 Jul
Bernard Hickey’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
But when it's, you know, chunking along and it's not firing right, maybe you need to clean out the valves with a good old press on the accelerator and blow the smoke out the back.
And that's where you start to look at things like, you know, how much capacity is there in the economy?
For example, you know, when you've got very full employment, when everyone's got jobs, let's say when unemployment is, you know, 3%, we have been there, 2% or 3%.
Most people think that's somewhere near full employment.
This is why I personally think the Reserve Bank could have held off on rate hikes because, remember, unemployment is at 4.3%.
For example, youth unemployment is at 14.4%.
That's a 30-year high.
And actually, unemployment for young women between the age of 20 to 24 is at 20%.
Now, I take a particular interest in this because I've got two daughters.
They're in their 20s.
Both of them are struggling to get good work.
And even though they've got, I think they've got great degrees and they're certainly lovely, I'm biased, but they should have great jobs.
You know, they should be starting their lives and, you know, saving deposits and getting me grandchildren.
But they're not.
And this is why I actually asked the question of the Reserve Bank Governor last week.
Can you really be putting up interest rates when young people have an unemployment rate at a 30-year high of 14.4%?
It doesn't feel right.
She acknowledged that when you put up interest rates, it does hurt some people.
And this is one of the complaints about how we do monetary policy at the moment.
If you happen to be unlucky at that point when the Reserve Bank is stomping on the brake,
Showing 261–280 of 288 · page 14 of 15
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