IMF’s Gourinchas: We are a bit concerned about recent banking sector turbulence
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International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said on Tuesday, “we are a bit concerned about recent banking sector turbulence.”
“So far authorities have been able to react quickly to banking sector turbulence, but we are not at the end of the story,” Gourinchas added.
Monetary tightening takes time to have effect, we are entering the time when it begins to affect inflation.
There is still some incomplete work on banking supervision.
The US Dollar Index is little changed on the above comments, keeping its range play intact at around 101.50 so far this Tuesday.
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