Interest rate cuts: Western NSW Business Chamber says they'll have no impact on business confidence

The Western Region regional manager said business confidence wasn't just reliant on lower rates.

"A number of factors are important - like international headwinds and geopolitics, weak household disposable incomes and of course the drought. All of these weigh on confidence and create uncertainty about the future," Ms Seccombe said.

"That's why it would be nave to assume that further interest rate cuts will restore business confidence, boost economic growth or lift employment. Recent interest rate reductions certainly don't appear to have had an impact on income levels, investment or confidence."

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The Reserve Bank is expected to cut interest rates to 0.75 per cent on Tuesday. It follows rate cuts in June and July.

But the regional manager wants more.

"What we need more than just interest rate reductions, is structural reform. Structural reform, such as lower taxes, water security, equitable water policies, greater short-term infrastructure projects and affordable, reliable energy are far more important," she said.

"It is these kind of reforms that the NSW Business Chamber believes will support the economy during, not only these turbulent times, but also longer term by increasing the capacity of the economy and creating more jobs."

Ms Seccombe said without reform, there was a risk businesses would continue to delay making significant investments.