Bill Mitchell — IMF and World Bank at odds with each other over interest rate hikes

Summary:
Today, Wednesday, we have our regular musical feature (might surprise today) as well as a brief commentary on the growing friction between the IMF and the World Bank on what governments and central banks should be doing to address the current inflationary pressures. One [IMF] says hike rates (apparently thinking that will get Russia to withdraw, Covid to go away and OPEC to behave) while the other [WB] says provide better income support and wait out this transitory inflationary phase....Bill Mitchell – billy blogIMF and World Bank at odds with each other over interest rate hikesBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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