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More interest rates hikes in Australia are justifiable, says IMF

More interest rates hikes in Australia are justifiable, says IMF

Agency’s economic report card says recommends pushing ahead with stage-three tax cuts to reduce the personal income tax burden Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s economy is tracking towards a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.The IMF has slightly downgraded its growth expectations for Australia and anticipates growth slowing from 3.6% in 2022 to 1.6% in 2023, down a touch from the 1.7% predicted in November.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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