The International Monetary Fund warns that a rebound in interest rates in the United States could cause a “disorderly” unwinding of inflated global asset prices – such as Australian housing.
The IMF said there was a disconnect between pandemic-hit economies and asset markets “powering ahead” around the world, while central banks anchored borrowing costs at record lows.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
