Central Banks
ECB Faces ‘Narrow’ Path to Avoid Hard Landing, IMF Chief Says
- European central bank should keep focus on reducing inflation
- Georgieva says 90% of advanced economies are slowing down
Kristalina Georgieva
Photographer: Mandel Ngan/AFP/Getty ImagesThis article is for subscribers only.
The European Central Bank must carefully calibrate monetary policy to avoid a hard landing in the continent’s economy but should continue to focus on bringing down inflation, according to Kristalina Georgieva, managing director of the International Monetary Fund.
“It is possible” to avoid a hard landing, she said in an interview with Bloomberg TV Friday. “But yes, the path is narrow.”