IMF steering committee to call for vigilance on inflation-draft statement By Reuters

0
18
© Reuters. FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

WASHINGTON (Reuters) – The International Monetary Fund’s steering committee on Thursday will call for increased monitoring of inflation dynamics and for policymakers to be ready to take “decisive actions to maintain price stability,” a draft communique seen by Reuters showed.

The statement, to be issued by the Fund’s International Monetary and Financial Committee (IMFC), highlights significantly increased concerns at the IMF and World Bank annual meetings this week that inflation spikes may prove more durable.

“The current surge in inflation is still assessed to be mainly driven by those temporary factors but now appears less transitory than previously expected, and upside risks to the inflation outlook in the near term are increasing in a wide range of countries,” the 24-member IMFC said in the draft statement.

 

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.