No inflation room for budget stimulus, say economists
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Updated Apr 23, 2024 - 6.08pm, first published at 5.59pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Leading economists say next month's federal budget must be contractionary and take money out of the economy, or at least not hinder the Reserve Bank's inflation fight, lest it further delay interest rate cuts. With inflation not forecast to return to the mid-point of the RBA's 2 per cent to 3 per cent target band until 2026, more than a dozen top analysts have warned that Treasurer Jim Chalmers needs to adopt spending restraint. Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Follow the topics, people and companies that matter to you. Fetching latest articlesIntroducing your Newsfeed
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