Weekend edition: A budget that sets fiscal policy against monetary policy
Friday 18th May 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.There’s been a lot said about the Labor federal budget this week. One of the big questions is whether the energy subsidy alongside the tax cuts and rent assistance, will do enough to bring down inflation. In this Weekend Edition JB Were’s Sally Auld argues that, whilst we might see a reduction in headline inflation, the government’s fiscal expansion is at odds with the RBA’s monetary policy and it is likely to delay any moves down in…
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