Rates must reach 5pc this year: IMF

The International Monetary Fund (IMF) has warned the RBA that it will need to lift the official cash rate to 5 per cent by the end of the year to keep monetary policy at neutral levels.

IMF yesterday released a report stating that while the current cash rate of 4.25 per cent is “closer to being neutral”, it will need to be raised to 5 per cent by 2011 to boost activity in the economy.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 30 April 2010