More interest rate hikes “would be warranted” and government spending should be reined in if inflation in Australia remains too high, the International Monetary Fund says.
The IMF on Thursday backed the Reserve Bank’s decision to keep the official cash rate at a 13-year high of 4.35 per cent, despite pressure to cut it.
https://thewest.com.au/business/international-monetary-fund-says-extra-rate-hikes-warranted-if-inflation-persists-c-16265861
