The International Monetary Fund says interest rates need to rise further in Australia. The increase of rates is an attempt to bring down inflation, which remains stubbornly high. Independent Analyst Evan Lucas told Sky News Australia that we need to get sticky inflation “back under control”.
The International Monetary Fund says interest rates need to rise further in Australia.Independent Analyst Evan Lucas told Sky News Australia that we need to get sticky inflation “back under control”.
“If we were to leave inflation at the current level which is about five per cent – for another three to five years – a dollar today is $1.32 in five years’ time,” he said.
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