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IMF chief says Fed rate hike could 'throw cold water' on recovery for certain economies Updated: 2022-01-22 13:07:42 KST

The International Monetary Fund chief says interest rate hikes by the Fed could (quote) "throw cold water" on economic recovery in certain economies.
Speaking at The Davos Agenda on Friday, Kristanlia Georgieva said a rate increase in the U.S. could have significant implications for nations with higher levels of dollar-denominated debt.
She then warned the Fed to act to extend maturities, adding that now is the moment to address currency mismatches.
The managing director further noted 2022 is like navigating an obstacle course due to risks like rising inflation, the pandemic and high debt levels.
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