Price instability demands attention: IMF's Lipsky

Central bankers must monitor the recent wave of inflation, which threatens to undermine prospects for restoring the favourable economic climate of recent years, John Lipsky, the International Monetary Fund's first deputy managing director, warned.

"To put the issue starkly, inflation concerns have resurfaced after years of quiescence," Lipsky said, adding that rising energy and commodity prices were "central to these new concerns."

The Fund was, he said, generally optimistic that high headlin

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