Lagarde tells central bankers not to 'rush to exit' on QE

Christine Lagarde

Christine Lagarde, managing director of the IMF, said today that an unwinding of unconventional monetary policies would take the global economy into "uncharted territory" and that recent developments in emerging markets are a reminder that policy actions "in one corner of the world" can have a widespread impact.

Speaking at Jackson Hole, the Federal Reserve Bank of Kansas City's annual symposium in Wyoming, Lagarde said that unconventional monetary policies (UMP) were "still needed in all places

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