IMF chief warns central banks against 'premature' interest rate cuts - reports

Following Fed signals

The managing director of the International Monetary Fund has urged central banks not to relax their fight against inflation.

At a press conference in Seoul today (15 December), Kristalina Georgieva said sometimes "countries prematurely declare victory and then inflation gets more entrenched and the fight becomes harder", according to reports by Bloomberg. Her remarks followed signals by the Federal Reserve this week - which held rates for the third consecutive time - as the central bank officials' forecasts pointed to rate cuts worth 75 basis points next year. IMF: Global economy has 'little margin' for monetary policy error The European Central Bank and Bank of England followed suit yesterday (14 Decemb...