Pierre-Olivier Gourinchas
Inflation in major economies is coming down more slowly than had been hoped, raising the risk that monetary policy will have to stay tight for longer, the International Monetary Fund (IMF) has warned.
In an update to its World Economic Outlook, published today (July 16), the fund said global inflation would continue to decline but that the pace of disinflation would slow in advanced economies. It now expects headline inflation in these economies to return to its target level by the end of 2025.
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