Get notifications in real-time for staying up to date with content that matters to you.
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in the economy.
Delivering a record surplus of $21.7 billion, the Rudd Government said the 2008 budget would bring some well needed cooling to the economy. It anticipates inflationary pressures to ease, forecasting a CPI of 3.25 per cent by June 2009 – well below the current 4.2 per cent.
However speaking this morning at an analysis of the budget, Macquarie Bank chief economist Richard Gibbs, said the budget was “benign” and that the risk of another interest rate rise remained a “clear and present danger”.
While he said the budgetary measures would keep inflation in check if realised, a number of factors – including how consumers take to their tax cuts – could impede this realisation.
Published: 15-05-08
The non-major bank has teamed up with a credit reporting firm to ...
At-risk women living in SA will be given access to free financial...
Napoleon Finance broker and director Sam Carello has revealed his...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
