Lender warns on final day at Lima of the need for ‘continued accommodative monetary policies’ amid rising opposition from critics of ultra-low interest The International Monetary Fund concluded its annual assembly in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates.
The Washington-based lender of final resort said in its final communiqué that uncertainty and financial market volatility have increased, and medium-term growth prospects have weakened. Related: A worried IMF is starting to scratch its head Continue reading...
Source: theguardian.com