IMF Chief Says Global Prices Will Take Time to Recede After War

Global prices will take time to come down to levels seen before the US-Israeli war with Iran even if a ceasefire holds, International Monetary Fund Managing Director Kristalina Georgieva said.

“It will take some time, yes, and it will take more time for locations that are experiencing higher degree of disruption,” Georgieva said in comments aired Sunday on CBS’s Face the Nation ahead of this week’s spring meetings of the IMF and the World Bank. “That’s why we need to remember the asymmetry of this shock.”