Afternoon Update: more interest rate rises likely; Victorian prison officers put spit hood on child; and WeWork to file for bankruptcy

Australia’s housing prices are continuing to rise, which is adding pressure on the Reserve Bank to again increase interest rates. Photograph: georgeclerk/Getty Images

Good afternoon. It’s looking more likely that the Reserve Bank will resume hiking interest rates after the International Monetary Fund today called for more rate rises in Australia to combat “sticky” inflation.

The IMF found the Australian economy to be “resilient” but noted inflation would not return to the RBA’s preferred 2-3% band until early 2026 on current settings. Adding to the rate pressure are rising housing prices across the country.