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IMF Deputy Okamura Warns Inflation May Be Faster Than Feared

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Fresh produce on display at a market in Madrid, Spain.

Fresh produce on display at a market in Madrid, Spain.

Photographer: Emilio Parra Doiztua/Bloomberg
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Inflation may turn out to be even faster than global central bankers currently anticipate, according to International Monetary Fund Deputy Managing Director Kenji Okamura.

“The risk is rising that inflation expectations drift away from central bank inflation targets, prompting a more aggressive tightening response from policy makers,” Okamura said in a written interview with Bloomberg News last week.