AI investment boom may lead to bust, but not likely systemic crisis, IMF chief economist says
AI Investment Boom Could Lead to Dot-Com Style Bust But Avoid Systemic Crisis, IMF Economist Warns IMF Economist Warns of…
Tag: Pierre-Olivier Gourinchas
IMF Urges Bank of England Caution on Rate Cuts Amid Inflation Concerns
The International Monetary Fund has cautioned the Bank of England against premature interest rate cuts as Britain faces persistent inflation pressures. IMF chief economist Pierre-Olivier Gourinchas emphasized the need for careful monetary policy amid rising inflation expectations.
The International Monetary Fund has delivered a stark warning to the Bank of England, urging extreme caution regarding future interest rate decisions as the United Kingdom battles the highest inflation among G7 economies. In a significant intervention, IMF chief economist Pierre-Olivier Gourinchas emphasized that Britain’s central bank must maintain a careful approach to monetary easing despite growing pressure for relief from high borrowing costs.