Tax cuts will keep RBA on interest rate sidelines for longer
The budget will soon add the equivalent of around three interest rate cuts into the pockets of the punters. That means that initial relief in our economy will come for taxpayers before borrowers.
There’s lots to like in inflation trends here and around the world.
Yes, the fight against inflation has already been pretty painful, yes, the recent lift in oil prices will push inflation back up for a time, and yes, Australia’s economy is going to get worse before it gets better.
