IMF: Stimulus Efforts Still Needed, but Could Cause Problems

The International Monetary Fund says efforts to stimulate the economy with ultra-low interest rates and huge purchases of bonds are necessary, though there could be some bad side effects.

The IMF’s “Global Financial Stability Report” says this “accommodation” by central banks must be monitored closely because it could prompt companies, pension funds and others to borrow large sums that they would have trouble repaying if the economy turns sour. 

IMF official …

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