The International Monetary Fund will sound a new alarm on inflation

By City and Finance Reporter

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The International Monetary Fund will sound a new alarm on inflation Share or comment on this article:

Updated: 16:50 EDT, October 6, 2023

Warning: IMF chief Kristalina Georgieva

The outlook for interest rates will take center stage when the International Monetary Fund holds its annual meeting next week.

The head of the financial organization, Kristalina Georgieva, will use the meeting in Marrakech, Morocco, to warn that rates must remain high for some time to bring inflation back under control.

And he will warn that the recovery from the crises of recent years – from the pandemic to the war in Ukraine and the skyrocketing energy prices – will be “slow and uneven.”

Georgieva said: “To win the fight against inflation it is necessary to keep interest rates high for longer.”

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