Australia: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/374, IMF Staff Country Reports from International Monetary Fund

Abstract: Economic growth is strengthening, stimulated by the high terms of trade. Monetary policy has been tightened appropriately. A flexible monetary policy response to potential external shocks, including commodity price swings, will help to cushion growth while preserving low inflation. To promote robust risk management practices by financial institutions, the government intends to conduct further stress tests and review the regulation of banks’ liquidity. The recent surge in revenues provides resources that should be used for the implementation of reforms in sustaining strong economic growth.

Keywords: ISCR; CR; core CPI; core CPI inflation; export commodity price; Australia; debt; price; headline CPI inflation; commodity price; private sector; medium-term growth; Commodity prices; Inflation; Budget planning and preparation; Income; Global (search for similar items in EconPapers)
Pages: 38
Date: 2006-10-23
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Citations: View citations in EconPapers (12)

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