2023 was marked by the fastest rise in interest rates in three decades – and this year will reveal just how hard the economy’s landing will be.
The Motley Fool Chief Investment Officer Scott Phillips said the government has done “absolutely nothing” to help the RBA fight inflation.
Mr Phillips told Sky News Australia that the Reserve Bank of Australia has had to do “all the work by itself”.
“The stage three tax cuts that are due in July, will be stimulatory for the economy.
“So the Reserve’s also going to have to think about on one hand, how much are we taking out of the economy – how much is being put into the economy by those tax cuts – and then try and work out, where to from here.”
(SKY NEWS)
