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International Business Times
International Business Times
World
Daniel AVIS

IMF Says Central Banks Should Not Rush Into Rate Cuts

Georgieva said the risks of early rate cuts were greater than the risks of moving "slightly" too late (Credit: AFP)

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.

The US Federal Reserve, the European Central Bank (ECB) and others have held interest rates elevated in recent months in an attempt to bring inflation back down toward target, following a post-pandemic surge in prices.

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