Friday, Jul 01, 2016
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Economy

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.

 

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