Latest labour market figures look to be right on the money - with Reserve Bank expectations

The unemployment rate's risen to 5.2 percent - its highest point in five years.

In late 2021, it was just 3.2 percent.

Westpac Senior Economist, Michael Gordon, says this aligns the Reserve Bank's thinking at its latest OCR review - and another cut is looking likely this month.

He says what they signal next will be more interesting - like whether we could see another cut or two by the end of the year.