Warren Hogan
speaker
104 appearances
1 recordings
1 series
first heard Jul 2026
last heard 29 Jul
Warren Hogan’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
So we had fear coming from the geopolitical scene.
Then we get a bit of fear coming out of the budget and the tax changes and all the hoopla that was going on around that.
So it's all playing a role for sure.
One thing we do know is employment growth.
It's slowed in March and April, but it's actually started to pick up again, or at least it looks like it's stabilized.
And, of course, we're still growing the net amount of jobs in the economy, and the amount of hours worked that people are doing in this economy is also continuing to grow.
And if anything, it looks like it might have picked up a little bit in the last few months.
So, you know, I think it's a combination of cash flow effect, higher rates,
on mortgage holders.
And then I think there's this genuine sentiment-driven worry that certain people are tucking discretionary spending away.
And that's why I think we can't rule out the economy holding up better than expected in the next six months, because the fundamentals are jobs.
And of course, we know wages are going to go up.
A lot of wages are going to go up by more than 5% or 4% to 5%.
So it's a really tricky economy.
And we also know for sure that the inflation is still very powerful in the economy, operating mainly through business cost pressures at the moment.
Yeah, I mean, look, I think we're at a stage, unfortunately, where we've got so many different shocks and unexpected events in the last few years that this idea that as a central bank you can sort of not worry about these one-off events happens.
and just focus on market services inflation, i.e., the core cost-driven inflation of the economy, which is highly related to wages because wages are the biggest cost in the economy, is actually getting less and less because we're just getting so many shocks.
There's just this rolling series of shocks, whether it was tariffs and now this.
We've got two oil shocks in one this year.
We had one that came off and we've got another one now.
Showing 41–60 of 104 · page 3 of 6
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