IMF Backs Further Interest Rate Hikes for Australia

The International Monetary Fund (IMF) has given its blessing to the Reserve Bank of Australia (RBA) to continue hiking interest rates as inflation remains a concern for the country's economy.

RBA governor Michele Bullock has already overseen three interest rate hikes in 2026, and the IMF is indicating that more rises may be necessary to keep prices under control.

The IMF's endorsement comes as Australia grapples with high inflation rates, which have been exacerbated by various economic factors. The RBA will likely take note of this guidance as it makes future decisions on interest rates.