The IMF's first deputy managing director called the market's bet on a quick rate cut premature

Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), said that the market's expectations for a rapid interest rate cut are a bit premature, because the fight against inflation is not over. She told the World Economic Forum in Davos that despite the sharp rise in borrowing costs over the past two years, the work remains undone. "We should expect Intrerest rates to come down sometime this year, but based on the data we've seen so far, we expect the second half of the year to be more likely," Gita Gopinath said. ”