FRANKFURT: Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank should hold interest rates at or near record highs through next year to extinguish price pressures, the International Monetary Fund said on Wednesday.
"Monetary policy is appropriately tight and needs to remain so in 2024," Kammer told a news conference."For all intents and purposes, should be held at that level or close to that level throughout 2024." Inflation soared to over 10% a year ago but has been on a steady downward path since, even if the"last mile" of disinflation is seen the toughest and could still take two years to get from around 3% to 2%.
Real wages also have some way to go catch up with inflation and this could also keep up the price pressure, the IMF said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Venture Is Overwatch 2’s First Non-Binary HeroThe 40th hero will join the shooter’s roster in 2024
Source: Kotaku - 🏆 2. / 86 Read more »
MLFF trials coming in 2024 but who is going to do it?Multi-lane fast flow trials are set to happen in 2024. But it was reported that highway concessionaires aren’t happy with the appointed firm to handle MLFF.
Source: Soya_Cincau - 🏆 16. / 55 Read more »
Improving academic performance a priority in 2024, says PMThe 33-year-old is urging netizens to stop paying attention to her younger brother Amir Syafiq, who had been criticising the singer for selling the family home without consulting her family beforehand.
Source: staronline - 🏆 4. / 75 Read more »
2024 Proton X50 facelift spied running road trials – updates with styling cues from Geely Binyue faceliftAn image of what appears to be a test unit for the upcoming Proton X50 update has been posted to the Proton X50 Community Malaysia (PX50CM) Facebook page by Zany Muhammad, with the B-segment SUV …
Source: paultan - 🏆 22. / 51 Read more »
Anwar says govt to buckle down to improve education quality from 2024BANGI, Nov 7 — Prime Minister Datuk Seri Anwar Ibrahim today said the government will concentrate on improving the quality of education in schools nationwide starting next...
Source: malaymail - 🏆 1. / 86 Read more »
Kerajaan sasar tingkat mutu pendidikan negara mulai 2024“Tidak payah fikir masalah lain, tumpu sepenuhnya bagaimana hendak perbaiki penguasaan bahasa, matematik, sains, komputer, agama...
Source: UMonline - 🏆 27. / 51 Read more »