Loading…
Friday, July 11, 2014
Current Weather
Loading Current Weather....
Published: Saturday, 8/24/2013 - Updated: 10 months ago

IMF head urges caution to world’s central banks

JACKSON HOLE, Wyo. — The head of the International Monetary Fund cautioned the world’s major central banks Friday not to withdraw their unconventional support for weak economies too soon.

IMF Managing Director Christine Lagarde said stimulative policies are still needed in key regions, especially Europe and Japan, which have struggled with prolonged weakness. She made the comments as part of the Federal Reserve’s annual conference in Jackson Hole, Wyo.

Ms. Lagarde said central banks must carefully develop strategies for scaling back their efforts to keep borrowing rates low.

 



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories