By Faith Ogbechie

The Managing Director, International Monetary Fund, Kristalina Georgieva, has said he sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move “slightly” too late.

The US Federal Reserve, the European Central Bank and others have held interest rates elevated in recent months in an attempt to bring inflation back down toward target.

With inflation now falling in many of the world’s advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.