IMF endorses RBA high interest rates and warns a further hike might be needed if the inflation fight stalls
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Skorzewiak/ShutterstockThe International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls.
A report after IMF staff visited Australia, issued on Thursday, says the economy is resilient but faces challenges, including significant...
