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Hawkish IMF urges RBA to tighten monetary policy

The International Monetary Fund says although inflation has peaked it is likely to persist for longer.

The RBA has a mandated target for inflation of between 2% and 3%.

The International Monetary Fund has called on the Reserve Bank of Australia to continue tightening monetary policy and has recommended that interest rates should move higher and stay higher for longer.

The IMF annual report on the Australian economy says that although the headline inflation has

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Lachlan Colquhoun Wed, 01 Nov 2023
Contact the Writer: lachlan@nbr.co.nz
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Hawkish IMF urges RBA to tighten monetary policy
Australia,
101480
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