Login
ISCOVER
$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.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
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
