SAN FRANCISCO (Reuters): Kristalina Georgieva, managing director of the International Monetary Fund, stated on Friday that central banks should carefully consider the timing of interest rate cuts and that governments all over the world need to rebuild their fiscal capacity.
“A focus on the financial aspect as an immediate priority in the short term. While fiscal pressures are high, fiscal buffers have been exhausted,” Georgieva stated in a press conference held in Washington during the annual meetings of the IMF and World Bank.
She went on to say that central banks must “remain attentive, be evidence-based, and carefully monitor data to ensure that they don’t cut either too early or too late.”
