<p>The International Monetary Fund's first Deputy Managing Director Gita Gopinath has warned central banks need to move cautiously on cutting interest rates this year, the <em>Financial Times</em> <a href="https://www.ft.com/content/356c25de-f691-4c47-ada5-0ee996ad7776" rel="nofollow">reported </a>on Thursday.</p><p>Gopinath told the <em>FT</em> in an interview that inflation is set to decelerate less sharply than it did last year because of tight labour markets and high services inflation in the US, euro area and elsewhere.</p><p>"Based on the data we have seen, we would expect rate cuts to be in the second half, not in the first half," Gopinath added.</p>
<p>The International Monetary Fund's first Deputy Managing Director Gita Gopinath has warned central banks need to move cautiously on cutting interest rates this year, the <em>Financial Times</em> <a href="https://www.ft.com/content/356c25de-f691-4c47-ada5-0ee996ad7776" rel="nofollow">reported </a>on Thursday.</p><p>Gopinath told the <em>FT</em> in an interview that inflation is set to decelerate less sharply than it did last year because of tight labour markets and high services inflation in the US, euro area and elsewhere.</p><p>"Based on the data we have seen, we would expect rate cuts to be in the second half, not in the first half," Gopinath added.</p>