Daily News: August 26, 2013

Reuters: IMF Says No Need for Banks to Rush Policy Exit

Reuters reported that at the annual Jackson Hole policy symposium, International Monetary Fund managing director Christine Lagarde said central banks in Europe, the U.S. and Japan have no need to rush to the exits from the monetary policies put into place to spur growth.

The article added she also said that central banks must work with each other to minimize spillover from any withdrawal of policy accommodation that could stifle world growth.

To read the full Reuters article click here.

To read Lagarde’s speech in its entirety click here.