International Monetary Fund (IMF)

Steady inflation and lower bond yields gives Rachel Reeves an opportunity, but will she take it?

Rachel Reeves made the comments about the 2020 deal at a key meeting of the world's leading finance ministers and central bankers.

After five days talking to ministers, bankers and trade negotiators at the IMF, the BBC's Faisal Islam assesses the global outlook.

But the UK is also predicted to suffer the highest rate of inflation in the G7 both this year and next.

The move comes after the IMF suggested the change would reduce pressure for "overly-frequent changes to policy".

As one of 25 member groups on the IMF board, India's influence at the fund is limited, say experts.

The influential financial agency is projecting slower economic growth in the US due to uncertainty around President Trump's tariffs.