IMF's Gopinath Says Market Bets on Rate Cuts Are 'Premature' bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Market expectations for rapid interest-rate cuts are a bit premature because the battle against inflation isn’t yet over, International Monetary Fund official Gita Gopinath said. Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaWhat Is Disease X? How Scientists Are Preparing for the Next PandemicApple to Pull Blood-Oxygen Tool Fr
Speaking at the World Economic Forum in Davos, the fund’s first deputy managing director said that even after sharp hikes in borrowing costs in the last two years, the job is still not done as labor markets remain tight on both sides of the Atlantic.