- There is no evidence yet of a sharp slowdown in US bank lending, according to IMF’s Kristalina Georgieva.
- “There is some, but not on the scale that would lead to the Fed stepping back,” she told CNBC.
- Georgieva’s view is at odds with what money markets are pricing in on future interest rates.
Wall Street warnings of a growth-crippling credit crunch in the US may be a bit overblown, if the latest commentary from the International Monetary Fund is any guide.
Three months since the collapse of Silicon Valley Bank, there’s still no evidence of a sharp slump in bank lending – which suggests the threat to the economy isn’t big enough to make the Federal Reserve stop fighting inflation, according to IMF chief Kristalina Georgieva.
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