The International Monetary Fund has backed the potential decision of the Reserve Bank to raise interest rates again. Sky News business reporter Edward Boyd says the IMF released a “pretty significant” statement in which they revealed growth targets for Australia’s economy heading into 2024.
The International Monetary Fund has backed the potential decision of the Reserve Bank to raise interest rates again.
Sky News business reporter Edward Boyd says the IMF released a “pretty significant” statement in which they revealed growth targets for Australia’s economy heading into 2024. According to the IMF, they believe “further interest rate rises will be needed” to bring down inflation. The Reserve Bank will meet next Tuesday to decide whether to raise rates for the 13th time since May 2022.
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