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Mortgage brokerage Mortgage Choice today called on the federal government to abandon its tax cut plans and pause on lifting interest rates.
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.
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Published: 11-03-08
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