Article 6R6FT IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’

IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’

by
Peter Hannam Economics correspondent
from World news | The Guardian on (#6R6FT)

The RBA's decision to maintain its restrictive policy stance in the near-term is appropriate,' fund says in latest assessment report

Extra government spending could inject additional stimulus" into the Australian economy, posing a risk the Reserve Bank will have to lift interest rates to keep inflation on a downward track, the International Monetary Fund says.

While Australia's economy remained resilient" and GDP growth should start to accelerate, it wasn't yet time to cut official interest rates, the IMF said in its 2024 assessment report released on Thursday.

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