IMF: The risks facing the Australian economy tend to be downside

IMF noted that the risks facing the Australian economy tend to be downside. His most prominent comments on Australian developments were as follows:

• RBA should maintain interest rates at low levels.
• Economic expansion is expected to continue.
• We are expected to see gradual upward pressure on wages and prices.
• There is some slowdown in the housing market.
• Beware of the risks of slowing China's growth and trade tensions.
• Severe tightening of global financial conditions may extend to domestic financial markets.