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‘Pumping a lot of money’ is at risk of higher interest rates

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CEO of the Grattan Institute Danielle Wood says the government is “pumping a lot of money” into the economy when it is already running quite strongly.

Ms Wood said the government’s spending is at the risk of bringing interest rate movements forward.

“We’ve baked in higher spending on defence, we’ve baked in higher spending on the NDIS, we’ve baked in on higher spending on aged care,” she told Sky News Australia.

“What are we going to be doing in 10 years time?”



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