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AAP
AAP
Business
Poppy Johnston

IMF urges higher interest rates to control inflation

International Monetary Fund Inflation Interest Rates Australia Economy
Stronger-than-expected inflation has fuelled expectations of another interest rate hike on Tuesday. (Joel Carrett/AAP PHOTOS)

The International Monetary Fund has called for Australia's central bank to keep lifting interest rates to bring inflation down faster.

Consumer price growth remains "well above" the Reserve Bank of Australia's target range, the global organisation has warned, with services inflation proving sticky as is the case in most advanced economies.

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