The International Monetary Fund (IMF) has warned that persistent inflation could result in higher interest rates for a longer period than previously anticipated. This situation could increase fiscal and financial risks globally. The IMF highlighted that elevated interest rates raise the cost of servicing debt, which adds to fiscal pressures and poses risks to financial stability.
The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world, per CNN.
— unusual_whales (@unusual_whales) August 14, 2024
Sources:
www.imf.org/en/publications/gfsr
www.abc.net.au/news/2024-07-17/imf-global-inflation-roars-ahead/104109288
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