Rate cut around the corner? Not according to the IMF
Stressed out borrowers around the country are holding out for interest rate cuts but if the IMF's view of the Australian economy is anything to go by, they might be waiting longer than they'd prefer.
The IMF's backing of the RBA's interest rates stance was a mixed blessing for the Federal Government. (Image source: Shutterstock.com)
An interest rate cut is not in Australia’s best interests and the public need to get their head around that.
That’s effectively the message sent out by the International Monetary Fund (IMF), which on Thursday (3 October) backed the Reserve Bank of Australia’s tough stance on interest rates in the face of still-high inflation.
The IMF’s latest assessment report concluded interest rates were at a suitable level and hinted that they may even need …
