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Sign InIn a move reflecting the importance of institutional continuity amid global economic shifts, the International Monetary Fund (IMF) has appointed Silvana Tenreyro as its next chief economist and head of research. Tenreyro succeeds Pierre-Olivier Gourinchas, who is departing the fund to resume his academic career.
Tenreyro brings significant expertise to the role, having previously served on the Bank of England's Monetary Policy Committee. She takes over from Gourinchas during a pivotal period for global price stability; per market data, Eurozone inflation cooled to 2.8% in July 2026 from a previous 3.2%, highlighting the shifting macro environment the new research head will navigate.
The new chief economist will be tasked with monitoring key growth indicators, such as the Atlanta Fed GDPNow estimate which stood at 1.2% as of July 1, 2026. Market participants will also watch for upcoming central bank communications, including speeches by Lagarde, to gauge how the IMF’s research direction aligns with major monetary policy trajectories.