Breaking

IMF warns that inflation could prove to be persistent and central banks may need to act - CNBC
Jul 27, 2021 48 secs

The International Monetary Fund warned Tuesday that there's a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action.

For the most part, the Washington-based institution sees these price pressures as transitory.

"There is however a risk that transitory pressures could become more persistent and central banks may need to take preemptive action," the IMF said.

She also warned that "inflation is expected to remain elevated into 2022 in some emerging market and developing economies, related in part to continued food price pressures and currency depreciations.".

This shows the stark difference between advanced and developing economies.

"Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls," the Fund said

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED