IMF head warns against too early rate hike

Too soon, rising interest rates could hit the demand, and this represents a greater danger than inflation, said the director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said in an interview with Der Spiegel.

He said that too many politicians believe that the economic crisis had ended, after the economies of Germany and France have returned to growth in the second quarter.

"The financial crisis has led not only to the economic crisis, but also to the social crisis, which has not yet reached the peak," - presented in the article the words of head stock.

He predicts that unemployment will continue to rise until mid-2010.

Related Posts by Categories