WASHINGTON, Oct 17 — Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a “runaway train,” IMF chief Kristalina Georgieva said today.
However, in advanced economies “policymakers have the tools” to deal with inflation, she said, so “there is no significant concern that this would be a runaway train.” In the world’s largest economy, US Federal Reserve officials have signaled they will begin to pull back on stimulus by tapering its bond purchases in the last few weeks of the year, but the benchmark interest rate is expected to remain at zero with no increase until late 2022 at the earliest.
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