Central banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund said.
Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.
But Georgieva said: "Central banks still have to prioritize fighting inflation and then supporting, through different instruments, financial stability."Georgieva added that US-China trade tensions -- part of a broader realignment of the global economy -- was also having a detrimental impact on world growth.
"The question is how far they should go," she asked, adding that it was possible to guard both aspects "without completely undermining the foundation for growth."
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