Citing a draft document, Reuters reported that the International Monetary Fund (IMF) will say in its statement that inflation dynamics need to be closely monitored and policy makers must be ready to take decisive action to maintain price stability.
Featured statements
“The rise in inflation continues to be assessed as driven by temporary factors such as supply chain disruptions and rising commodity prices.”
“The inflation now seems less transitory than expected, the upside risks to inflation increase“.
“It is nSteps need to be taken to make supply chains more resilient in the future, accelerate the adoption of new and green technologies “.”
“A delicate balancing act is needed to shore up the recovery and restore macroeconomic stability.”
“The new confidence in resilience and sustainability should not deviate from the existing IMF model, as there is less scope to channel the SDR reserve through multilateral development banks.”
“We need to build trust in the G20 common framework on debt restructuring between creditors and borrowers.”
Market reaction
The market mood remains bullish following these remarks, with US stock index futures rising around 1% minutes before the Wall Street open.
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