The International Monetary Fund (IMF) Managing Director Georgiewa said yesterday that governments need to focus on supporting the most vulnerable groups of living expenses so as not to ruin the central bank’s efforts to combat inflation. showed that.
In an interview following the closing of the G20 Finance Ministers and Central Bank Governors’ Meeting in Bali, Indonesia, Managing Director Georgiewa said, “If you do not focus your support well, untargeted national support is the price. It might increase the upward pressure. ” “Monetary policy is tightening, but fiscal policy can unintentionally go backwards,” she said.
At the G20 meeting, officials blamed Russia head-on over the predicament of the global economy. US Treasury Secretary Janet Yellen blamed energy prices for regarding half of US inflation and blamed Russia for direct responsibility for rising energy prices through warfare. Representatives from other countries also blamed Russia, but unlike at the last meeting, attendees said that representatives from other countries and regions did not leave when Russian officials said.
The meeting might not adopt a joint statement at the end of the meeting, but instead focused on areas where consensus might be formed, such as strengthening food security and warning of government bond default risk.
Original title:
Governments Risk Undoing Central Bank Inflation Fight, IMF Says(excerpt)
