International Monetary Fund Managing Director Kristalina Georgieva notes 'some progress is being made' in addressing supply chain constraints.
WASHINGTON, USA – Inflation in the United States is expected to decline in the second quarter of this year,“This is subject to dealing with supply chain constraints, and what we are seeing are some promising signs that some progress is being made in that regard,” Georgieva said in an interview with CNBC.surged 7% in the 12 months through December, the biggest year-on-year increase since June 1982, the labor department reported on Wednesday.
“The People’s Bank of China actually did take some steps in that direction and I would expect that with the picture being what it is, there will be more to come,” she said.