The Latest Breaking News from International Monetary Fund

Afternoon Update: more interest rate rises likely; Victorian prison officers put spit hood on child; and WeWork to file for bankruptcy

The Reserve Bank looks increasingly likely to lift the cash rate as the IMF found inflation remained ‘sticky’

The Guardian - AU · Nov 1, 2023

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

The Guardian - AU · Nov 1, 2023

IMF urges higher interest rates to control inflation

An independent assessment of Australia's economy says interest rates will need to lift higher and government effort will be required to bring inflation down.

AAP · Oct 31, 2023

Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy

The Guardian - UK · Oct 15, 2023

Sitharaman pitches for strong, quota-based and adequately resourced IMF

FM Smt. @nsitharaman calls for strong, quota-based IMF at centre of global financial safety net. 16th GRQ to provide greater say to developing economies. FM highlights importance of Global Sovereign Debt Roundtable & reforms in IMF policy. Coordinated response to foster multilateralism & 'Vasudhaiva Kutumbakam'.

The Hindu · Oct 14, 2023

China's Best: 3 Top-Rated Stocks Garnering Investor Interest

China’s economy appears to be showing signs of stabilization amid new stimulus measures and recent economic data signaling optimism. So, let’s look at top-rated Chinese stocks Alibaba Group (BABA), JD.com (JD), and Hello Group (MOMO), with immense investor interest. Keep reading….

StockNews.com · Oct 13, 2023

Africa’s ‘optimist-in-chief’ on the continent’s renaissance: ‘Don’t just believe me, believe the data’

In an exclusive interview, Akinwumi Adesina, head of the African Development Bank, says the outlook is good for a continent with the workers of the future and the best investment opportunities

The Guardian - UK · Oct 13, 2023

Doom-laden Hunt gives bleak verdict on UK economy as Bank of England chief warns of ‘tight’ interest decisions

The chancellor said the world is in ‘a very dangerous place’, adding that he is ‘focusing on resilience in the face of those shocks’

The Independent UK · Oct 13, 2023

IMF should give poor countries $300bn a year to fight climate crisis, says Joseph Stiglitz

Developing nations need equivalent of US Inflation Reduction Act, says Nobel prize-winning economist

The Guardian - UK · Oct 13, 2023

Israel-Hamas war a 'new cloud darkening' the global economy, IMF says

Speaking during a meeting in Marrakech, the International Monetary Fund's managing director said the war between Israel and Hamas was a "new cloud" that was "darkening" the global economic outlook. Kristalina Georgieva said her organisation was monitoring the situation "very closely", although it was too soon to say what specific…

France 24 · Oct 12, 2023