Budget 2016: A cautious response to the budget from credit agencies and markets

By Mark Mulligan
Updated May 3 2016 - 11:23pm, first published 9:42pm
Treasurer Scott Morrison has acknowledged the changes in the tax threshold provide only a modest boost for taxpayers.  Photo: Glenn Hunt
Treasurer Scott Morrison has acknowledged the changes in the tax threshold provide only a modest boost for taxpayers. Photo: Glenn Hunt
There was little reaction to the 7.30pm AEDT release of the federal budget; five hours earlier, the Aussie tumbled almost US1.5c after the RBA slashed rates for the first time in a year to a record low 1.75pc.
There was little reaction to the 7.30pm AEDT release of the federal budget; five hours earlier, the Aussie tumbled almost US1.5c after the RBA slashed rates for the first time in a year to a record low 1.75pc.

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