IMF says Australia should keep tightening monetary & fiscal policy to contain inflation

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IMF says Australia should keep tightening monetary & fiscal policy to contain inflation

<p><a href="https://www.reuters.com/markets/australia-economy-set-slow-amid-downside-risks-imf-2022-11-15/" target="_blank" rel="nofollow">Reuters </a>reports on the IMF annual review:</p><ul><li>Australia should continue to tighten monetary and fiscal policy to contain inflation even as its economy is set to slow sharply next year amid a host of downside risks, including falling house prices</li></ul><p>IMF forecast economic growth in Oz to slow to just 1.7% in 2023/2024, citing </p><ul><li>higher interest rates, </li><li>persistent inflation, </li><li>weakening export demand, </li><li>and declining housing prices</li></ul><p>----</p><p>Earlier on Australia, RBA specifically:</p><ul><li><a href="https://www.forexlive.com/centralbank/westpac-rba-titled-dovish-when-its-increasing-its-inflation-forecast-unusual-approach-20221115/" target="_blank" data-article-link="true">Westpac: RBA titled dovish when its increasing its inflation forecast ... unusual approach</a></li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: IMF says Australia should keep tightening monetary & fiscal policy to contain inflation

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