The Reserve Bank has been urged to lift interest rates and governments warned to pull back on infrastructure projects to reduce inflation. In its annual economic health check, the International Monetary Fund concluded Australia’s economy was “resilient” but “sticky” inflation was a cause for concern. “Although inflation is gradually declining,Continue Reading

Reserve Bank Governor Philip Lowe has warned interest rate rises are “not over” if inflation remains stubbornly high. In a speech to the National Press Club in Sydney he warned the decision to hold rates steady at 3.6 per cent after 10 straight hikes did not mean homeowners’ problems wereContinue Reading