15:23 - 16.05.2023

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May 16, Fineko/abc.az. If inflation persists or increases, interest rates will be increased.

ABC.AZ reports with reference to the foreign press that Thomas Barkin, the president and CEO of the Federal Reserve Bank of Richmond, stated about this.

He noted that he is not yet sure that inflation is steadily declining towards Fed's target of 2%:

"If inflation continues to rise or accelerate, there are no obstacles to further increases in interest rates. At the June meeting, I will not yet decide in which direction my decision will be. To do this, it is necessary to look at future data on employment, prices and loans."