IMF’s Gourinchas: We are a bit concerned about recent banking sector turbulence

Market news

9 May 2023

IMF’s Gourinchas: We are a bit concerned about recent banking sector turbulence

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said on Tuesday, “we are a bit concerned about recent banking sector turbulence.”

“So far authorities have been able to react quickly to banking sector turbulence, but we are not at the end of the story,” Gourinchas added.

Market reaction

The US Dollar Index is little changed on the above comments, keeping its range play intact at around 101.50 so far this Tuesday.

Currencies. Daily history for Tuesday, May 9, 2023

Commodities. Daily history for Monday, May 8, 2023

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