IMF sees ‘limited scope’ for RBA rate cuts
The International Monetary Fund (IMF) today warned that monetary policy could struggle to offset shocks to the Australian economy, one week after the Reserve Bank of Australia (RBA) closed the door on any additional interest rate cuts.
The RBA has held its cash rate at 2.5% since August 2013, a stance the IMF describes as "broadly appropriate" following its Article IV consultation with the Australian authorities.
The IMF's staff report says the RBA would have "some room" to respond to risks in
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