Keep battling inflation, IMF tells central banks

By Agence France-Presse

Apr 08, 2023 12:33 am

CENTRAL banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund (IMF) told Agence France-Presse (AFP) on Thursday.

Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.

FOREWARNING Photo taken on April 19, 2022 shows the International Monetary Fund (IMF) Headquarters in Washington, D.C., the United States. Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, Jan. 12, 2023 (January 13 in Manila), warning that central banks have some way to go in their inflation battle. XINHUA PHOTO

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