International Monetary Fund to sound fresh alarm over inflation

The outlook for interest rates will take centre stage when the International Monetary Fund holds its annual meeting next week.

The financial organisation’s chief Kristalina Georgieva will use the gathering in Marrakech, Morocco, to warn that rates must remain elevated for some time in order to bring inflation back under control.

And she will warn that the recovery from shocks of recent years – from the pandemic to the war in Ukraine and soaring energy prices – will be ‘slow and uneven’.

Georgieva said: ‘Winning the fight against inflation requires interest rates to remain higher for longer.’