Lagarde: Divergent monetary policy could be a good thing

Christine Lagarde
Christine Lagarde, IMF

Asynchronous monetary policies in the world's largest economies could generate positive effects, providing there is effective co-ordination between them, IMF managing director Christine Lagarde said in Davos today.

The Federal Reserve is edging towards an interest rate hike, while the European Central Bank launched quantitative easing (QE) this afternoon. The Bank of Japan and Bank of England are – for now – staying put.

Co-ordination is a thorny issue in the central banking community, but Lagar

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