IMF’s Georgieva: Time for China to move away from coronavirus lockdowns

In an interview with the Associated Press, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said it is time for China to move away from lockdowns toward a more targeted Covid-19 approach, as reported by Reuters.

Additional takeaways

"Too early for the US Federal Reserve to back off interest rate increases."

"Energy crisis from Russia's invasion of Ukraine opens the opportunity to accelerate the transition to low-carbon energy supplies."

"More investments in resilient agriculture and support for small farmers, in addition to food waste curbs, can help solve world's hunger."

Market reaction

These comments don't seem to be having a noticeable impact on risk mood. As of writing, the US Dollar Index was down 0.3% on the day at 106.35.