Major central banks will have to hold rates high for much longer than some investors expect, the IMF's Gita Gopinath told CNBC Tuesday.
Gita Gopinath, first deputy managing director of the International Monetary Fund, told CNBC that central bankers "should continue tightening and importantly [interest rates] should stay at a high level for a while."
"It is taking too long for inflation to come back to target that means that central banks will have to remain committed to fighting inflation, even if that means risking weaker growth or much more cooling in the labor market," Gopinath added.
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