Search results
Results From The WOW.Com Content Network
The IMF projects that by 2034, annual interest payments in the U.S. will hit $1.7 trillion and cumulative interest costs over the next decade will reach upward of $12.9 trillion.
The current managing director (MD) and chairperson of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since 1 October 2019. [15] Indian-American economist Gita Gopinath , previously the chief economist, was appointed as first deputy managing director, effective 21 January 2022. [ 16 ]
For central banks targeting inflation directly, adjusting interest rates are crucial for the monetary transmission mechanism which ultimately affects inflation. Changes in the central bank policy rates normally affect the interest rates that banks and other lenders charge on loans to firms and households.
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
The IMF lifted its forecast for the euro area this year by a tenth of a percent to 0.9%, driven by stronger momentum in services in the first half of the year. Growth is projected to rise to 1.5% ...
The IMF also made upward revisions to its 2024 growth forecasts for India and China, which it now expects to expand by 7% and 5% respectively — up from forecasts of 6.8% and 4.6% in April.
The IMF says exchanging XDRs can take "several days." [80] It is not, however, the IMF that pays out foreign currency in exchange for XDRs: the claim to currency that XDRs represent is not a claim on the IMF. [3] The percentage of foreign exchange reserves in XDRs increases sharply after a new allocation, then declines until the next allocation ...
The head of the International Monetary Fund on Friday praised the European Central Bank's decision to raise interest rates for the eighth time in a row and its pledge to keep going as long as ...