2023-05-17 13:35:00
[ワシントン １７日 ロイター] – International Monetary Fund (IMF) chief deputy managing director Gita Gopinath on Monday urged central banks to keep monetary policy tight, saying there was a high risk of inflation remaining high or accelerating in many emerging markets.
Markets were probably “overly optimistic” regarding what it would take to bring down inflation in emerging markets, he said at a meeting hosted by the Brazilian central bank. “While there are encouraging signs, we feel that price pressures are entrenched in many economies and we are concerned regarding the high risk of higher inflation,” it said.
“The central bank must continue to decisively tighten monetary policy, recognizing that if current monetary tightening is insufficient, more painful measures may be required in the future.” I have to,” he said. It’s a lesson learned from the high inflation period of the 1970s and is “extremely applicable today,” he said.
Fiscal containment underpins the central bank’s fight once morest inflation, and judicious use of fiscal measures can improve trade-offs in the event of significant financial stress.
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