IMF paper says central banks will have to hike interest rates to rein in inflation/ restore a measure of stability in commodities and financial markets
May 23rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The IMF - the International Monetary
Fund - says in a paper published on Thursday, that in order to rein in inflation
and restore a measure of stability in commodities and financial markets,
monetary policy has to be tightened significantly and be directed to strictly
controlling credit and money supply - central banks will in effect have to raise
interest rates by big margins.