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RBA thinks budget tax changes will lower inflation – but not in the way Labor wants

One top economist argued that lower house prices were a good thing, and that Labor would be wise to resist calls to protect asset prices and reverse course.

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theage.com.auStai leggendo1 mesi fa

RBA thinks budget tax changes will lower inflation – but not in the way Labor wants

Labor's negative gearing and CGT reforms reduce house prices (2% forecast) and property spending, inadvertently cooling inflation. RBA will weigh this property downturn in its June 16 rate decision; weakened sentiment could ease global rate hike pressure.

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afr.com1 mesi fa

Tax shock will help Reserve Bank slow economy – accidentally

Australia's budget tax changes inadvertently support the Reserve Bank's inflation-cooling efforts by dampening economic activity. Fiscal drag reduces RBA pressure to raise rates further, easing borrowing constraints for businesses and improving capex planning.

RBA thinks budget tax changes will lower inflation – but not in the way Labor wants

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RBA thinks budget tax changes will lower inflation – but not in the way Labor wants

Tax shock will help Reserve Bank slow economy – accidentally

Timeline cronologica

Budget won't be 'main driver' if house prices fall, housing minister says

Secret RBA notes reveal harsh judgment of Labor’s housing policies

Budget won't be 'main driver' if house prices fall, housing minister says

Australian housing was already cooling before the budget – but how cold it gets depends on two key factors

RBA and Chalmers blame interest rates and tax for house price falls

RBA thinks budget tax changes will lower inflation – but not in the way Labor wants

Tax shock will help Reserve Bank slow economy – accidentally

The politics of house prices – damned if you do, damned if you don’t

Australian housing was already cooling before the budget – but how cold it gets depends on two key factors