Australian Prime Minister Scott Morrison has said he anticipates that the unemployment rate will dip below four percent this year. The jobless rate dropped to 4.2 percent last December, the lowest on record for 13 years. “I believe we can now achieve an unemployment rate with a ‘three’ in front of it this year,” the prime minister told the National Press Club in Canberra on Feb. 1. “Our goal is to achieve this in the second half of 2022. We have not seen this in Australia for almost half a century.” Philip Lowe, the Reserve Bank of Australia (RBA) governor, shares the same view as Morrison saying he to expects the unemployment rate to hover around 3.75 percent by the end of 2023. Nevertheless, Lowe said he remains calm over the prospect of raising the cash rate despite increasing inflation pressures and the declining unemployment rate. The central bank confirmed …