Australia : 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia

Author/Editor:

International Monetary Fund

Publication Date:

September 23, 2008

Electronic Access:

Free Full text (PDF file size is 1374 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Article IV Consultation discusses that recently a commodity price boom, driven by robust global demand, has pushed the Australian economy up against capacity constraints. Banks are adjusting the structure of their funding in response to the turmoil, increasing liquidity, and lengthening the maturity of their funding. Executive Directors considered that the sound macroeconomic framework should permit Australia to weather the global downturn and contain inflationary pressures. They encouraged the authorities to take advantage of the positive macroeconomic performance to advance structural reforms.

Series:

Country Report No. 08/312

Subject:

English

Publication Date:

September 23, 2008

ISBN/ISSN:

9781451802191/1934-7685

Stock No:

1AUSEA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

49

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