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Rate Hikes May Deepen Worldwide Economic Divergence: IMF Chief

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Rate walkings focused on checking inflation might deepen worldwide financial divergence, IMF chief has saidWASHINGTON: Rate of interest walkings targeted at combating inflation could exacerbate the dangerous and deepening divergence in financial advancements between sophisticated and developing economies, IMF Managing Director Kristalina Georgieva said on Wednesday.Georgieva stated inflation was not a universal phenomenon, however was a problem in a variety of nations and specifically the United States, where US customer rates surged 7 percent in the 12 months to December, the biggest yearly increase in almost 4 decades.Ms Georgieva informed an event hosted by the Center for Global Advancement that the Federal Reserve and other reserve banks understood how to manage inflation, however it could be a fragile balancing act, and the spillover influence on emerging markets ...

can add fuel to the fire of divergence .




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