The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to change course with its rate-hiking cycle.
"We don't yet see a significant slowdown in lending.
The Federal Reserve in a May banks report warned that lenders are worried about conditions ahead, as trouble in mid-sized financial institutions in the U.S. caused banks to tighten lending standards for households and businesses.
A majority of major global central banks, including the U.S. Federal Reserve, have tightened their monetary policy aggressively to tame soaring inflation.
Meanwhile, the world's global debt has swelled to a near-record high of $305 trillion, according to the Institute of International Finance.
Persons:
Georgieva, Kristalina Georgieva, Karen Tso, Pierre, Olivier Gourinchas, IIF
Organizations:
Monetary Fund, U.S . Federal Reserve, Federal Reserve, CNBC, Institute of International Finance
Locations:
Dubrovnik, Croatia, U.S