The Budget and the Effects of Extra Spending on Social Housing

Westpac pushed the peak OCR rate to 6%. That's kick started a whole round of revisions from those bank economists in terms of where they think inflation will be. There was not too much direct from the budget for housing itself, but of extra spending for social housing and the standard old stuff. The overall impression from that work that other people did is that basically this budget did kind of stimulate the economy in net terms. It might have been to some extent, but it did actually result in a net boost to economic activity or a will do according to that analysis. But yeah, certainly could be some indirect impacts here because, I mean, I'm no expert on sort of the public finances