Carstens-led IMFC urges policy-makers ‘to attenuate’ spillovers and spillbacks

IMF headquarters buildings in Washington DC

The International Monetary and Financial Committee (IMFC) on April 18 called for "careful calibration" and "effective communication" related to the normalisation of advanced economic monetary policy, "to attenuate adverse spillovers and spillbacks in the context of asynchronous monetary policies in major advanced economies".

The recommendations by the IMF body chaired by Bank of Mexico governor Agustín Carstens come as the Federal Reserve, under chair Janet Yellen, is preparing to raise interest

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