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National's tax cuts could worsen inflation and keep interest rates up, warns Goldman Sachs

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 7:55pm
Christopher Luxon. Photo / RNZ
Christopher Luxon. Photo / RNZ

National's tax cuts could worsen inflation and keep interest rates up, warns Goldman Sachs

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 7:55pm

Goldman Sachs analysts have warned National's proposed tax cuts could risk worsening existing economic pressures.

Andrew Boak and William Nixon believe National's plan could exacerbate inflation, and therefore cause interest rates to remain higher for longer.

NZ Herald Wellington business editor Jenee Tibshraeny agrees, claiming National's proposed foreign buyers tax and increased immigration fees won't offset the stimulatory impact of the cuts.

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