Kristalina Georgieva said high inflation across advanced economies was "not fully defeated" and could require a longer wait before reducing borrowing costs.
The IMF managing director alluded to the political pressure that central bank chiefs were likely to face in a pivotal election year for the US, UK and European Union.
"On this final stretch, it is doubly important that central banks uphold their independence," she said, adding: "Where necessary, policymakers must resist calls for early interest rate cuts. Premature easing could see new inflation surprises that may even necessitate a further bout of monetary tightening."
This story is from the April 12, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 12, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
I did not mean to make light of self-harm, says Guardiola
Pep Guardiola has said he did not intend to \"make light of the very serious issue of self-harm\" when he answered a question relating to a cut he made on his nose during Manchester City's 3-3 draw with Feyenoord.
Maeda saves point for Celtic after costly error by Carter-Vickers
There were spells in this game when Club Brugge resembled a reincarnation of 1970 Brazil. As Cameron Carter-Vickers bundled home an embarrassing own goal to send the Belgians in front, it looked a matter of how many they would choose to score.
Amorim: Rashford has to 'really want' to find form
Ruben Amorim believes Marcus Rashford has to \"really want it\" if the forward is to recapture his 30-goal Manchester United form of two seasons ago.
Mac Allister kickstarts Liverpool party to keep up perfect record
Arne Slot's Liverpool reboot has its latest dividend. His team continues to boast the only 100% record in the Champions League group stage and this was not just another victory, it was a swatting aside of the holders, a statement of intent.
Martínez reactions hold up Juve before Rogers denied at the last
Three minutes of second-half stoppage time had been and gone when Morgan Rogers thought he had snatched victory with surely the final kick.
FA investigates claims Coote discussed giving booking
The Football Association is investigating allegations that the referee David Coote discussed giving a yellow card before a game.
To see the impact the club has, it's really extraordinary
As they gear up for a famous night at Old Trafford, this is how Bodø/Glimt became one of Europe's big success stories
Australia's mission: how to dismantle Bumrah's genius
India's supreme fast bowler destroyed top order in Perth and hosts have little time to avoid a second Test repeat
Van Nistelrooy set for Leicester as Coventry close in on Lampard
Ruud van Nistelrooy is poised to become the new Leicester manager, making an almost immediate return to the Premier League after leaving Manchester United.
Williamson's return leaves no room for in-form Young
A green surface at Hagley Oval - scene of the first Test that was due to start last night - meant New Zealand made changes from the seismic 3-0 series win in India.
