WASHINGTON — Global finance leaders on Saturday appealed to central bankers to stick as long as possible with low-interest rate policies that have made borrowing attractive and helped safeguard an improving but still fragile world economic recovery.
Declaring the “recovery is not complete” even eight years after the 2008 financial crisis, the 189-nation International Monetary Fund wrapped up its fall meetings with a communique warning “there is no room for complacency” as nations confront new challenges to global growth from a range of threats, including cyber-security attacks and more violent weather patterns linked to climate change.
The meetings also dealt, at least on the sidelines, with efforts to better understand the policy implications of the Trump administration’s more forceful “America First” agenda.