Georgieva told reporters – while she was on a working visit to the Korean capital, Seoul – that “sometimes some countries are in a hurry to declare victory, and then inflation becomes more entrenched and it becomes more difficult to fight it.”
She added in statements, “Do not rush to jump,” indicating that the battle against Inflation It has now reached the “last mile”, and has advised central banks not to move faster than the available data allow.
It is noteworthy that this week, the US Federal Reserve maintained interest rates during the third consecutive meeting, giving the clearest indication so far of the end of its aggressive campaign to raise rates by anticipating a series of interest rate cuts over the next year.
