International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday that she is "reasonably confident" the world has entered the "famous last mile" in the fight against inflation, which allowed most central banks to enter an "easing cycle."
In her opening remarks at the 2024 Michel Camdessus Central Banking Lecture, Georgieva stressed that despite inflation and interest rates going down and a recession appearing to be "unlikely," the global economy still faces challenges. Namely, she pointed out that banks should consider a number of things, including "structural shifts" due to the green and digital transformations, including the "opportunities and risk" related to the development of artificial intelligence.
