IMF Says Australia May Need More Rate Hikes
The International Monetary Fund stated that Australia's central bank may need to raise interest rates further to cool persistent inflation. Persistent price pressures and resilient spending keep inflation elevated, prompting potential tightening.
The International Monetary Fund warned on Thursday morning that Australia may need further interest rate rises as inflation stays elevated. Persistent underlying price pressures could force the Reserve Bank of Australia to tighten policy further. Markets price an 87% chance of a rate hike by the end of the month.
