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
Electronic Access:
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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. 2008/312
Subject:
Banking Commodity prices Currencies External debt Inflation International trade Money Prices Terms of trade
English
Publication Date:
September 23, 2008
ISBN/ISSN:
9781451802191/1934-7685
Stock No:
1AUSEA2008002
Pages:
49
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