IMF’s Georgieva: Inflation coming down but not fast enough

In an interview with CNBC on Thursday, International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said that she doesn't think there is a banking crisis in the US but acknowledged that there are vulnerabilities, per Reuters.

Gerogieva noted that the slowdown in the US economy will lead to Federal Reserve to recalibrate the policy. On inflation outlook, she said that inflation is coming down but added that the decline is not fast enough.

Market reaction

The US Dollar Index stays deep in negative territory after these comments and was last seen losing 0.5% at around 101.00.