Georgieva, priority inflation, is a tax on the weakest

(ANSA) - WASHINGTON, OCTOBER 13 - Inflation is the priority to address: I believe that there is a lot that can be done to tackle the cost of living with monetary policy tools.

   This was stated by the director general of the IMF, Kristalina Georgieva.

   Inflation is a tax for the weakest: "without price stability" the economy is put at risk.

    "The world economy has been hit by one shock after another. Uncertainty remains exceptionally high: there is a 25% chance that world growth may drop below 2% next year," added Georgieva.

    Fiscal policy and monetary policy - he explained - must go hand in hand: when monetary policy puts a damper, budget policy must not press on the accelerator.

We need decisive action against dear-life.

Not acting hard would cause even more problems.

(HANDLE).