Runaway global inflation fears if banks don’t raise interest rates: IMF - Sydney Morning Herald

The IMF warns four crises could make the economic outlook even worse: escalating war; more Russian sanctions; new COVID variants or a lengthy Chinese downturn.

Central banks need to raise interest rates in the near future to prevent inflation from running away as the war in Ukraine adds to global economic woes just as many countries emerge from the pandemic… [+1816 chars]

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