IMF Urges Central Banks to ‘Stay the Course’ Till Prices Tamed

From bnnbloomberg.ca

Central banks globally must remain vigilant until inflation is firmly under control, according to International Monetary Fund Managing Director Kristalina Georgieva. “I want to be clear we are not yet seeing inflation going down to target fast enough,” Georgieva told Bloomberg Television’s Haslinda Amin on the sidelines of the Group of 20 finance chiefs’ meetings in Bengaluru, India. “Central banks need to stay the course until we are comfortable that price stability is returning.” As many central bankers begin to slow their policy tightening, inflation prints across the world remain sticky. With China ... (full story)