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The Conversation

Michelle Grattan, Professorial Fellow, University of Canberra

IMF endorses RBA high interest rates and warns a further hike might be needed if the inflation fight stalls

International Monetary Fund RBA Inflation Reserve Bank Monetary Policy

Skorzewiak/Shutterstock

The 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 risks from abroad.

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