IMF endorses RBA high interest rates and warns a further hike might be needed if the inflation fight stalls

The International Monetary Fund has endorsed the Reserve Bank's tough monetary policy - while warning rates might need to rise again if the fight against inflation stalls.

A report after IMF staff visited Australia, issued on Thursday, says the economy is resilient but faces challenges, including significant risks from abroad.

"Growth has slowed; while inflation is retreating from its peak, it remains ele