IMF: keep interest rates low or risk another crash
by Larry Elliott and Phillip Inman from on (#Q3K1)
Lender warns on last 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 meeting 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 last resort said in its final communiqui(C) 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
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