Westpac on Australian tax cuts impact on RBA policy - "already factored into the outlook" ...Middle East

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Chief Economist at Westpac, was up until recently a senior official at the Reserve Bank of Australia, Assistant Governor (Economic).Ellis made available a detailed piece on the Australian government's tax cuts coming on July 1. It's a detailed article, thankfully there is s summary ;-)When policy changes are announced, focus on the big picture. Tax relief from July was already factored into the outlook. Changes at the margin do not change the overall story.A little more detail:remember that these tax cuts will not take place until 1 July. By that stage, inflation is likely to be within striking distance of the RBA’s 2–3% target. Any surprises around the effect of the tax package on household

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Westpac on Australian tax cuts impact on RBA policy - "already factored into the outlook" ...Middle East

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