Central Banks

IMF Urges Central Banks to ‘Stay the Course’ Till Prices Tamed

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Kristalina Georgieva in Bengaluru, India, on Feb. 25.Photographer: Samyukta Lakshmi/Bloomberg

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By Michelle Jamrisko and Yoshiaki Nohara

February 25, 2023 at 7:28 AM UTC

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Central banks globally must remain vigilant until inflation is firmly under control, according to International Monetary Fund Managing Director Kristalina Georgieva.

“I want to be clear we are not yet seeing inflation going down to target fast enough,” Georgieva told Bloomberg Television’s Haslinda Amin on the sidelines of the Group of 20 finance chiefs’ meetings in Bengaluru, India. “Central banks need to stay the course until we are comfortable that price stability is returning.”