Australia’s rising unemployment: Could we see a rate cut on Melbourne Cup day?

A photomontage shows the Governor Reserve Bank of Australia (RBA) Michele Bullock, housing construction and $20 notes. (AAP Image) NO ARCHIVING Source: AAP / AAP/AAPIMAGE

In September, Australia’s jobless rate rose from 4.2 per cent to 4.5 per cent, according to ABS data. Labour force figures will be key for the RBA in deciding whether to cut the 3.6 per cent interest rate at its next meeting on 4 November, Melbourne Cup day. Experts suggest the latest unemployment data could lead to another rate cut in 2025. In this podcast, we explore whether another cut is likely.

Follow and Subscribe

Apple Podcasts YouTube Spotify Listnr Download (7.04MB)

Download the SBS Audio appAvailable on iOS and Android

Published 23 October 2025 3:02pm

By Natasha Kaul, Alexandra Koster

Presented by Natasha Kaul

Source: SBS

Share this with family and friends

In September, Australia’s jobless rate rose from 4.2 per cent to 4.5 per cent, according to ABS data. Labour force figures will be key for the RBA in deciding whether to cut the 3.6 per cent interest rate at its next meeting on 4 November, Melbourne Cup day. Experts suggest the latest unemployment data could lead to another rate cut in 2025. In this podcast, we explore whether another cut is likely.

[Disclaimer: The opinions expressed in this podcast are those of the interviewees, and the information provided is general. Consult an expert for personalised advice.]

Find our podcasts here at SBS Hindi Podcast Collection. You can also tune in to SBS Hindi at 5 pm on SBS South Asian on digital radio, on channel 305 on your television, via the SBS Audio app or stream from our website.