The International Monetary Fund's managing director Kristalina Georgieva told AFP on Thursday that central banks should not step back from fighting inflation amid concerns about financial stability. "They [central banks] have to stay the course in a much more difficult, more complex environment," she added.
According to her the central banks still have to prioritize fighting inflation and then supporting, through different instruments, financial stability.
Also, the IMF's chief warned that a continued slowdown in almost all the world's advanced economies is seen to set back global growth rate to below 3% in 2023. "With rising geopolitical tensions, with inflation still running high, a robust recovery remains elusive," she noted, adding that harms the prospects of everyone, especially for the most vulnerable countries.