'Price rise may be persistent as it has moved into core inflation in Asia'

The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region. The IMF’s Asia Director Krishna Srinivasan tells Indivjal Dhasmana that central banks in the region have to tackle inflation head on because fiscal measures can only provide short-term relief. Edited excerpts:

The IMF has cut Asia and Pacific region’s economic growth projections for 2022 and 2023 due to external factors. Which of the factors is a bigger cause for concern — the Russia-Ukraine war, worsening property market in China, or monetary policy tightening by