India

IMF’s Managing Director, Georgieva, emphasized the importance of central banks maintaining their stance against inflation, particularly during a year when over 60 countries, including the US, UK, and India, are heading to elections. She highlighted the potential pressure on central banks to lower interest rates prematurely and pointed out the risks of political influence on such decisions, especially noting concerns regarding the Fed’s independence amid suggestions from former President Donald Trump and comments by President Joe Biden hinting at anticipated policy easing.