‘Expansionary’ budget at odds with RBA rate push
Ronald MizenSenior reporter
Treasurer Jim Chalmers’ “expansionary” third budget works against the Reserve Bank’s push to curb high inflation and risks interest rates needing to stay higher for longer, economists say.
Despite calls for Labor to adopt a contractionary fiscal policy to complement the RBA, most economists said Tuesday’s federal budget was expansionary or neutral at best, making cutting rates sooner more difficult.
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