Rajan suggests IMF as watchdog for unconventional policy

Raghuran Rajan

Raghuram Rajan has hit back in the debate on monetary policy spillovers, arguing central banks should not ignore international responsibilities in favour of their domestic mandates.

Reserve Bank of India (RBI) governor Rajan believes central banks should take into account the impact of their actions on other countries when setting policy.

He took his argument one step further at the Economic Club of New York on May 19, suggesting the IMF act as a kind of global watchdog for unconventional moneta

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