WASHINGTON, D.C.: The International Monetary Fund (IMF) sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva. AFP Photo Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva. AFP PhotoThe US Federal Reserve (Fed), the European Central Bank (ECB) and others have held interest rates elevated in recent months in an attempt to bring inflation back down toward target, following a post-pandemic surge in prices. Georgieva told reporters on Thursday that the United States was close to achieving a so-called soft landing, when policymakers bring inflation back to target without triggering a recession.
