Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Federal Reserve and BOE will likely move faster in the global tightening of monetary policy responding to inflation pressures, IMF chief Kristalina Georgieva wrote in a blog post setting up this week's G20 meeting in Jakarta.
"There is significant differentiation across economies," she wrote. "It means withdrawal of monetary accommodation in countries such as the U.S. and the United Kingdom, where labor markets are tight and inflation expectations are rising."
"Others, including the euro area, can afford to act more slowly, especially if the rise in inflation relates largely to energy prices. But they, too, should be ready to act if economic data warrants a faster policy pivot," she said. The IMF three weeks ago cut its 2022 global growth forecast to 4.4% and evidence since then points to higher-than-expected inflation and weaker growth, she said.
Policymakers must also step up the global fight against Covid, which will cost the global economy USD13.8 trillion through 2024, she wrote, and navigate a shift to fiscal sustainability as the pandemic is brought under control.
Source: IMF
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.