IMF, 'Europe not the time to cut rates' - News
10/13/2023, 11:46:31 AM
Highlights: IMF, 'Europe not the time to cut rates' - News. ANSA. The IMF recommends that Europe keep interest rates at current levels, postponing cuts. In the fight against price growth "it is better to make a mistake in doing a little more than in doing less", says Alfred Kammer, director of the Europe department of the International Monetary Fund. "The time for rate cuts will eventually come. In that case it is better that these cuts do not lead to backward marches," he adds.
The IMF recommends that Europe maintain interest rates at current levels, postponing cuts, to definitively tame inflation since in general, in the fight against price growth "it is better to make a mistake in doing a little more than in doing m... (ANSA)
The IMF recommends that Europe keep interest rates at current levels, postponing cuts, to definitively tame inflation since in general, in the fight against price growth "it is better to make a mistake in doing a little more than doing less".
Alfred Kammer, director of the Europe department of the International Monetary Fund, writes, that "the time for rate cuts will eventually come. In that case it is better that these cuts do not lead to backward marches. That moment is not now. Urgency also requires patience."
All rights reserved © Copyright ANSA