Australian Rates Unlikely to Move ‘Anytime Soon,’ Morrison Says
- Treasurer says RBA policy on different path to U.S. peer
- Federal Reserve expected to lift interest rates this week
Australia's Morrison Says New Economy Cannot Be a Tax-Free Environment
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The Reserve Bank of Australia isn’t likely to follow its U.S. counterpart’s interest-rate trajectory, said Australian Treasurer Scott Morrison.
Speaking on the sidelines of the G-20 meeting in Buenos Aires, Morrison was responding to a question about the impact of higher U.S. interest rates on the Australian economy. The Federal Reserve is this week expected to make the latest in a series of rate hikes.