Original article by John Kehoe
The Australian Financial Review – Page: 1 & 4 : 2-Nov-23

The International Monetary Fund now believes that Australia’s inflation rate will not return to the Reserve Bank’s target range of 2-3 per cent until early 2026. The central bank itself expects inflation to return to the upper limit of its target band by late 2025. Abdoul Wane, the IMF’s mission chief to Australia, notes that although the inflation rate is gradually declining, further interest rate increases are needed in order to bring inflation under control more quickly. Wane also contends that the federal and state governments should defer some infrastructure projects in order to alleviate inflationary pressures.

CORPORATES
INTERNATIONAL MONETARY FUND, RESERVE BANK OF AUSTRALIA