IMF chief says there’s no significant slowdown in lending and the Fed may need to do more
2023-06-05 10:44:12 source：CNBC
June 4, 2023
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to change course with its rate-hiking cycle.
“We don’t yet see a significant slowdown in lending. There is some, but not on the scale that would lead to the Fed stepping back,” the IMF’s Managing Director Kristalina Georgieva told CNBC’s Karen Tso Saturday in Dubrovnik, Croatia.
The Federal Reserve in a May banks report warned that lenders are worried about conditions ahead, as trouble in mid-sized financial institutions in the U.S. caused banks to tighten lending standards for households and businesses.
Read more:
https://www.cnbc.com/2023/06/05/the-imf-interview-cnbc.html