IMF cautions central banks against abrupt tightening of monetary policy

For almost two years, Bank of Uganda has administered an accommodative monetary policy direction to support recovery of the economy. PHOTO | FILE

What you need to know:

  • In its report, IMF said that whereas a number of economies across the globe still need policy support, the threat of price pressures should be a pointer on which economies should use to act decisively to prevent an unmooring inflation.

The International Monetary Fund (IMF) has said central banks should provide clear guidance on the future policy direction to avoid abrupt tightening of monetary policy. 

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