Although the RBA left rates unchanged at its meeting this week, Governor Bullock stated that the Board was prepared to raise rates if it had to. Against this backdrop, there have been concerns from some quarters that an expansionary 2024/25 budget could force the RBA's hand. While we do see fiscal policy as being more accommodative in the coming financial year, we don't think it will make up for the poor outlook for private consumption.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services