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

  • Written by: 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 stallsSkorzewiak/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.

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