Silvana Tenreyro, IMF chief economist, said inflation risks remain and monetary policy should stay firmly focused on price stability. She said central banks need to keep policy sufficiently tight to bring about disinflation to target and to prevent second‑round inflation effects. Pass‑through from commodity price rises to core inflation is currently contained, but policymakers should remain vigilant. She warned that if commodity gains and tech‑investment‑related factors further raise inflationar

Silvana Tenreyro, IMF chief economist, said inflation risks remain and monetary policy should stay firmly focused on price stability. She said central banks need to keep policy sufficiently tight to bring about disinflation to target and to prevent second‑round inflation effects. Pass‑through from commodity price rises to core inflation is currently contained, but policymakers should remain vigilant. She warned that if commodity gains and tech‑investment‑related factors further raise inflationary pressure, central banks would need to tighten policy further. "Different countries may require different policy stances, but the objective is the same: ensure price stability. Central bank independence remains essential to achieve that goal."