Relative Return Insider: Government spending could force August rate hike: AMP
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Relative Return Insider: Government spending could force August rate hike: AMP
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This week on Relative Return, AMP Chief Economist Shane Oliver breaks down one of the most controversial federal budgets in years - from sweeping changes to negative gearing and capital gains tax, to what it all means for inflation, interest rates, housing, and business confidence.
Shane says the budget is effectively adding more stimulus into an economy already struggling with inflation pressures, warning it could make the Reserve Bank's job harder and increase the likelihood of another rate hike later this year.
The conversation dives deep into the winners and losers of the budget, with first-home buyers, shares, super and commercial property tipped as relative beneficiaries, while property investors, startups and growth businesses could face new challenges.