OECD inflation outlook suggests further Australian interest rate rises possible

2 weeks ago 15

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

The OECD has warned of “persistent” high consumer prices around the world including in Australia, strengthening the case for further interest rate rises despite “visible” effects from previous increases.

The Organisation for Economic Co-operation and Development (OECD) released its interim economic outlook on Tuesday, titled Confronting Inflation and Low Growth. It said that although headline inflation is declining steadily “core inflation remains persistent in many economies” and this “would require additional policy tightening”.

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