International Monetary Fund (IMF) Chief Economist Gita Gopinath made some comments on the European Central Bank’s (ECB) and Fed’s policy outlooks, in an interview with Handelsblatt on Monday.

Key quotes

"It is right for ECB to normalize its monetary policy by end of year and then tighten next year."

On Fed, she says "they should stay the course in view of the economic data.”

On the US, tells Handelsblatt, "inflation continues to be very stubborn."

“If the Fed were to signal in such an environment that they are no longer tightening, would lose credibility.”

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