Lucy Ellis

Economist Chris Richardson called fuel excise cuts a bad band-aid that just pushes up prices elsewhere.

But Westpac's Lucy Ellis argued the last excise cut helped curb inflation, while Saud Kavonik warned that cutting fuel taxes during price spikes removes the incentive to conserve, even though he admits that policy remains popular across the political spectrum.

The government previously cut the excise from April to August this year, but says another cut isn't currently on the table.

So ESIC is done being patient with private credit.