Interest Rates To Keep Falling But Last Mile ‘Very Very Tricky’: IMF Chief

IMF Chief Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is “very, very tricky”. She said that the central banks should not tighten prematurely because then they may lose the victory that is now in their hands.

Expecting the positive trend to continue in 2024, she said, “The inflation rate is going down, on average.” The International Monetary Fund’s Managing Director, however, flagged the regional discrepancies still persisting around.