Davos 2024
IMF’s Gopinath Says Market Bets on Rate Cuts Are ‘Premature’
- Villeroy agrees it’s too early to declare victory on prices
- Officials speak on panel at World Economic Forum in Davos
This article is for subscribers only.
Market expectations for rapid interest-rate cuts are a bit premature because the battle against inflation isn’t yet over, International Monetary Fund official Gita Gopinath said.
Speaking at the World Economic Forum in Davos, the fund’s first deputy managing director said that even after sharp hikes in borrowing costs in the last two years, the job is still not done as labor markets remain tight on both sides of the Atlantic.