As the unemployment rate continues to climb, the Australian Reserve Bank's decision to pause interest rate hikes is expected to attract more criticism.

The decision of the Australian Reserve Bank not to cut interest rates this month is expected to attract more criticism, as recent data showed the unemployment rate rose to 4.3% in June, ending two consecutive months of low levels. If the unemployment rate continues to increase rapidly in the coming months, the Reserve Bank of Australia may acknowledge that the job market is cooling down and prepare for possible criticism. One of the most noteworthy features of the Australian economy in recent years is that even when raising interest rates to combat inflation, the country has been able to maintain a low unemployment rate. The Reserve Bank of Australia will hope to preserve these employment achievements.