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Mortgage Choice urges government to rethink tax cuts

Staff Reporter 1 minute read

Mortgage brokerage Mortgage Choice today called on the federal government to abandon its tax cut plans and pause on lifting interest rates.

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Managing director Paul Lahiff said “the Reserve Bank and the federal government must realise we need a pause on monetary policy and must use fiscal policy to dampen growth in inflation.”

“While there is no doubt that the promised tax cuts will provide some short-term relief to families with mortgages, they are inflationary and will inevitably lead to another round of official interest rate increases,” he said.

Published: 11-03-08

Mortgage Choice urges government to rethink tax cuts
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