IMF says central banks should not rush into rate cuts
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The International Monetary Fund (IMF) warns central banks against rushing into rate cuts, stating that the risk of premature easing is higher than being slightly behind. Managing Director Kristalina Georgieva advises central banks to act based on data and not keep interest rates tight if it is not necessary. The US Federal Reserve and the European Central Bank have held interest rates elevated to combat post-pandemic inflation. Georgieva believes the United States is close to achieving a 'soft landing' in terms of inflation and that a rate cut is a matter of months away. The IMF has extended its mission in Egypt to finalize an expansion of its $3 billion loan agreement, and it is not discussing a new program with Argentina. Georgieva praises Argentina's new president, Javier Milei, for his pragmatic approach to tackling the country's economic crisis.

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https://www.bssnews.net/business/171403