IMF urges European central banks to kill inflation 'beast' with rate hikes
- Economy
- AFP
- Published Date: 09:34 | 28 April 2023
- Modified Date: 09:34 | 28 April 2023
The International Monetary Fund on Friday urged European central banks to "kill the beast" of inflation by pursuing interest rate hikes.
"You need to go and kill that beast" because if rate rises are paused history is "littered" with examples where "you will need to have a second attempt" at bringing down inflation, inflicting more economic pain, the IMF's European department director Alfred Kammer told reporters in Stockholm.
OTHER ECONOMY NEWS