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ABS household spending indicator falls flat for second month, sign Aussies banking tax cuts

Pelican Press

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ABS household spending indicator falls flat for second month, sign Aussies banking tax cuts

Cash-strapped Australians are stashing away the extra income from the Stage Three tax cuts, new data on household spending has revealed.

Over the next few months, economists will be closely watching whether households will be spending the extra income, which could stifle efforts to curtail inflation and dissuade the Reserve Bank from cutting the cash rate.



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