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IMF tells the RBA to hike interest rates higher, and hold 'em high for longer
International Monetary Fund (IMF) issued its annual report into the Australian economy. It warned that although inflation was easing, it was still too high. The IMF urged the RBA to hike rates: “Although inflation is gradually declining, it remains significantly above the RBA’s target and output remains above potential,” “Staff therefore recommend further monetary policy tightening to ensure that inflation comes back to the target range by 2025 and minimise the risk of de-anchoring inflation exp...
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Posted: Nov 1 2023, 00:10
Author Name: forexlive
Views: 112536