Australia: Staff Report for the 2006 Article IV Consultation

October 23, 2006

Preview Citation

Format: Chicago

Australia: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

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.

Subject: Budget planning and preparation, Commodity prices, External debt, Income, Inflation, National accounts, Prices, Public financial management (PFM)

Keywords: Australia, Budget planning and preparation, Commodity price, Commodity prices, Core CPI, Core CPI inflation, CR, Debt, Export commodity price, Global, Headline CPI inflation, Income, Inflation, ISCR, Medium-term growth, Price, Private sector

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/374
Stock No:

1AUSEA2006003
ISBN:

9781451802115
ISSN:

1934-7685

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