The Director-General of the International Monetary Fund, Kristalina Georgieva, called on the world’s central banks to remain cautious until inflation rates are tightly controlled, while the Fund hinted at obstacles to restructuring the debts of troubled economies.
“I would like to be clear that inflation is not falling back to the target rate quickly enough,” Georgieva said in an interview with Bloomberg TV on the sidelines of the meetings of finance ministers and governors of the G20 member states of the world’s major economies, in Bangalore, India. Comfortable with the return of price stability.
While a number of central banks have started easing policies, inflation rates around the world remain unchanged. With China reopening at a pace that exceeded expectations, Georgieva hopes that domestic consumption will continue to be the engine of growth in the world, with little risk of further inflation.
Bloomberg indicated that the personal consumption index in the United States increased by 5.4% during last January, compared to the same month of 2021, and the core inflation rate recorded 4.7%, which represents an increase after months of decline.
On: Sun – Feb 26, 2023
The Director-General of the International Monetary Fund, Kristalina Georgieva, called on the world’s central banks to remain cautious until inflation rates are tightly controlled, while the Fund hinted at obstacles to restructuring the debts of troubled economies.
“I would like to be clear that inflation is not falling back to the target rate quickly enough,” Georgieva said in an interview with Bloomberg TV on the sidelines of the meetings of finance ministers and governors of the G20 member states of the world’s major economies, in Bangalore, India. Comfortable with the return of price stability.
While a number of central banks have started easing policies, inflation rates around the world remain unchanged. With China reopening at a pace that exceeded expectations, Georgieva hopes that domestic consumption will continue to be the engine of growth in the world, with little risk of further inflation.
Bloomberg indicated that the personal consumption index in the United States increased by 5.4% during last January, compared to the same month of 2021, and the core inflation rate recorded 4.7%, which represents an increase after months of decline.
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