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Georgieva (IMF): “Sees” interest rate cut in the middle of the year

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Γκεοργκεβα ΔΝΤ): «Bλεπει» μεΙωση επιτοκΙων στ α μεσα του ετους

“We are very confident that the global economy is now ready for that soft landing we dream of”, after some of the sharpest increases interest rates in decades, Georgieva said

The International Monetary Fund is now “very confident” that the global economy will see a soft landing, she said on Monday managing director Kristalina Georgieva, adding that interest rates will start to come down around the middle of the year.

“We are very confident that the global economy is now ready for that soft landing that we dream of,” after some of the sharpest rate hikes in decades, Georgieva said.

Regarding the prospect of interest rate cuts in leading economies such as the United States, she added: “I expect to see by the middle of the year interest rates will are moving in the direction followed by inflation in the last year”.

Source: 24h.com.cy

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