BOJ's backfire hangs over central bankers as IMF meetings start
The world's central bankers, already hitting the limits of their effectiveness on growth and inflation, are now contending with another risk: that additional stimulus could produce lackluster results and undercut investor confidence. The Bank of Japan's decision in January to take interest rates negative has ...
The world economy would be worse off without negative interest rates, according to International Monetary Fund Managing Director Christine Lagarde. Negative rates in Europe and Japan have helped support global growth and price gains, she said in an interview in Ho Chi Minh City on ...
Lagarde urges Asia to take bigger role guiding global economy
Asia needs to take a leadership role in the global economy that reflects the continent's growing clout, International Monetary Fund Managing Director Christine Lagarde said Saturday in New Delhi. Asian officials should keep monetary policy supportive, while using fiscal policy to boost growth and macro-prudential ...
The world's biggest economies urgently need new ways to support demand and contain risks as the outlook for global growth deteriorates, International Monetary Fund staff members say. Group of 20 policymakers "must act now to implement forcefully" existing growth strategies while also planning for unified ...
Darling of Davos, Lagarde already has second IMF term sewn up
The darling of the Davos political and financial elite, Christian Lagarde has a second term at the helm of the International Monetary Fund sewn up just days after nominations opened, despite facing possible trial in France. The former French finance minister, regularly listed among the ...
Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a panel discussion in Davos whether she would back capital controls ...
IMF maintains 1% forecast for Japan in 2016 but cuts outlook for global growth
The International Monetary Fund has cut its projections for global economic growth this year, including for the United States, citing a slowdown in emerging economies such as China. But in its revision to the semiannual World Economic Outlook, the IMF on Tuesday kept its 2016 ...
The renminbi has joined the basket of currencies with special drawing rights, but it is a long way away from becoming a true reserve currency.
Four ways China flexed economic power before IMF club added the yuan
Long before the yuan was inducted into the International Monetary Fund's hall of currency fame, China had upped its game as an economic powerhouse in a variety of arenas. Here are four ways the Middle Kingdom has etched out its influence in the global economy: Foreign ...
The International Monetary Fund on Monday admitted China's yuan into its benchmark currency basket, as expected, in a victory for Beijing's campaign for recognition as a global economic power. The decision to add the yuan, also known as the renminbi, to the Special Drawing Rights ...
Japanese exports remain flat despite the bonus of a weaker yen, in part because manufacturers are shifting production overseas, the International Monetary Fund said Monday. "Real goods exports from Japan have remained broadly flat during the past few years despite a sharp depreciation of the ...
Containing the inevitable Chinese slowdown
China's economy is heading for a slowdown, but it doesn't have to be dire.
