You have 0 free articles left this month.
Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Compliance

Tax cuts spur inflation

3 minute read
The Adviser

$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ.

In an Australian Financial Review report, ANZ estimates that each 0.25 per cent interest rate rise reduces disposable income by $2.5 billion.

It has taken three 0.25 per cent interest rate rises, plus the banks 0.15 per cent interest rate rise, to offset the impact of the tax cuts on the economy, the report said.

Published: 06-02-08 

 

default
You need to be a member to post comments. Become a member today
magazine
Read the latest issue of The Adviser magazine!
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
Read more