Global market swings are adding difficulty to central banks’ efforts to contain inflation, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Nov. 7, as policymakers consider the prospect of slower AI-driven growth.
Speaking at the IMF’s headquarters in Washington, Georgieva said a cooling contribution from the AI boom should factor into central banks’ decisions as they combat inflation. She expects volatility to persist and said it complicates central banks’ work to maintain price stability.
Georgieva pointed to unease over the AI investment boom and elevated asset prices as factors weighing on global markets.
The remarks followed comments on Nov. 6 in which Georgieva said AI investment was supporting growth while adding to inflation and financial-stability concerns. Read more about Georgieva’s earlier remarks on AI-led growth.
