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15 May 2015
‘We need ambitious and decisive policies to boost growth’ – IMF’s Lagarde
FXStreet (Mumbai) - Speaking during the event with European Central Bank President Mario Draghi at the International Monetary Fund's (IMF) headquarters in the US capital, IMF Chief Christine Lagarde expressed her concerns about the slow pace of jobs creation and inadequate use of economic potential, warning that rising inequality may cause serious problems in the future.
Key Quotes:
"I am myself very concerned that slow job growth and rising inequality will come back to haunt us,"
"We need ambitious and decisive policies to boost today’s growth and tomorrow’s growth potential, and to build resilience to existing and emerging challenges,"
On ECB QE, "Notably, the significant further easing of monetary policy in January of this year has done much to stave off the threat of deflation and support weak demand. Monetary policy and price stability are essential for strong, sustainable, and inclusive growth."
Key Quotes:
"I am myself very concerned that slow job growth and rising inequality will come back to haunt us,"
"We need ambitious and decisive policies to boost today’s growth and tomorrow’s growth potential, and to build resilience to existing and emerging challenges,"
On ECB QE, "Notably, the significant further easing of monetary policy in January of this year has done much to stave off the threat of deflation and support weak demand. Monetary policy and price stability are essential for strong, sustainable, and inclusive growth."