National’s tax cuts unlikely to push up interest rates: Goldman Sachs

The tax policy reveal was a good day for Nicola Willis and Christopher Luxon. (Image: BusinessDesk)

Tue, 14 Nov 2023

Global financial house Goldman Sachs expects the incoming National-led administration’s income tax cuts will inject stimulus to the economy, but doesn’t anticipate they’ll force another rate hike. The investment bank expects global disinflation will eventually find its way to New Zealand and Australia, helping stay the hands of central banks on both sides of the Tasman that have been struggling to rein in rising consumer prices. A core plank of National leader Christopher Luxon’s successful pitch to the public...

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