Interest rate rise would ‘erase the benefit’ of wage rises and tax cuts

Interest rate rise would ‘erase the benefit’ of wage rises and tax cuts

Sky News host Steve Price says Deloitte Access Economics’ new data shows an interest rate rise at the August RBA meeting would “erase the benefit” of wage rises and tax cuts for anyone with a mortgage. Mr Price said Deloitte predicts if rates rise it will be because those inflation figures are “still too high”. “And we know a big reason for that is the massive cash splashes from various state and federal governments.” Credit to : Sky News Australia