In an interview at the IMF's annual meetings in Washington, Pierre-Olivier Gourinchas said the tax cuts announced by Kwasi Kwarteng threatened to cause 'problems' for the UK economy
The chancellor's mini-budget"complicated matters" for the Bank of England as it battled to bring down inflation, the International Monetary Fund's chief economist has told Sky News.
"When the mini-budget was announced at the end of September, there was a concern on our side," he said. He said the IMF welcomed the fact that the chancellor will provide further plans in his medium-term fiscal plan later this month, and that it would assess them when they arrived.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Bank of England steps in again to bolster bond-buying plan after mini-Budget chaosThe Bank of England has said it will further bolster its emergency bond-buying plan as it warned an ongoing rout in the gilts market poses a 'material risk to UK financial stability'.
Læs mere »
Jacob Rees-Mogg Accuses BBC Of Bias In Clash With Mishal Husain Over The Economic ChaosThe business secretary denied the disastrous mini-budget was the main reason for the economic crisis.
Læs mere »
Kwarteng's plans will boost UK growth before sharp fall in 2023, IMF saysThe International Monetary Fund has criticised chancellor Kwasi Kwarteng again over his controversial mini-budget which has sent markets into a panic. \n
Læs mere »