IMF Chief Economist Silvana Tenreyro stated that monetary policy must remain focused on price stability as inflation risks persist. She emphasized that central banks need sufficiently tight stances to return inflation to target levels promptly and prevent second-round effects, while noting that commodity price pass-through to core inflation remains contained for now. Tenreyro warned that further monetary tightening may be necessary if rising commodity prices or technology investment factors increase inflationary pressures. While acknowledging that appropriate policy stances will vary by country, she stressed that ensuring price stability remains the universal goal and highlighted the critical importance of central bank independence in achieving this objective.