‘It’s not done’: IMF head warns of cost of final victory in struggle against inflation

Kristalina Georgieva discusses protracted high interest rates and first term dominated by two unthinkable' events

The head of the International Monetary Fund has warned that victory in the fight against inflation could spell trouble for financial markets by forcing central banks to keep interest rates high until 2025.

In a Guardian interview before next week's IMF annual meeting in Marrakech, Kristalina Georgieva said there was a risk of borrowing costs staying high for a protracted period, with knock-on effects for asset prices.