Central banks must resist pressure for early rate cuts, says IMF head
by Phillip Inman and Richard Partington from Economics | The Guardian on (#6M094)
Kristalina Georgieva also cautions of danger of tepid twenties' - a decade of sluggish economic growth
The world's leading central banks must resist calls from politicians for early interest rate cuts amid concerns over stubbornly high inflation on both sides of the Atlantic, the head of the International Monetary Fund has urged.
Kristalina Georgieva said high inflation across advanced economies was not fully defeated" and could require a longer wait before reducing borrowing costs.
Continue reading...