Central Banks
Central Banks Shouldn’t Rush to Join Fed Policy Pivot, IMF Says
- IMF’s Georgieva voices caution after Fed signals cuts in 2024
- Inflation fight is in its ‘very last mile,’ she says in Seoul
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Central banks around the world shouldn’t rush to relax their fight against inflation even with the Federal Reserve signaling its own policy pivot next year, the chief of the International Monetary Fund said Friday.
“Sometimes countries prematurely declare victory and then inflation gets more entrenched and the fight becomes harder,” IMF Managing Director Kristalina Georgieva told reporters in Seoul. “Don’t say hop before you jump.”