More from RBA Debelle: Need unemployment down near 4.5% to lift wages

RBA Deputy Gov. Debelle

The RBA Deputy Gov. Debelle adds:

• need unemployment down there 4.5% to lift wages
• need to continued strong employment growth
• allegations on Westpac anti-money laundering are disturbing and serious

The unemployment rate in October came in at 5.3% versus 5.2% prior. The low level in 2019 bottomed at 4.9%. The Australia's unemployment rate has not been at 4.5% since November 2008.