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IMF warns Europe against prematurely declaring victory over inflation

The Washington-based IMF said that cost of underestimating inflation's persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

PTI
November 08, 2023 / 15:28 IST
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Inflation in the eurozone peaked at 10.6% in October 2022, and has steadily fallen to 2.9% in October
Inflation in the eurozone peaked at 10.6% in October 2022, and has steadily fallen to 2.9% in October
PTI
first published: Nov 8, 2023 03:28 pm

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